Founder of Green Light Capital: Tariffs will force the Federal Reserve to further cut interest rates this year

According to a report by Golden Ten, David Einhorn, founder of hedge fund Green Light Capital, said that tariffs will force the Federal Reserve to take action because Trump's higher than expected global tariffs have shocked investors and caused a market crash. Einhorn is a seasoned long/short stock manager who was known for shorting Lehman Brothers before the 2008 financial crisis. He stated that tariffs will disproportionately affect low-income populations and will have inflationary effects, leading to an economic slowdown. He expects the Federal Reserve's interest rate cuts to exceed market expectations. Einhorn said of tariffs, "They have raised prices." "If you impose tariffs, perhaps suppliers must pay a portion, perhaps retailers must pay a portion, but consumers must also pay a portion