High inflation may linger for decades with wars set to usher in an era of deglobalization, billionaire investor Ken Griffin says

• High inflation could hang around for decades, according to Ken Griffin.
• The billionaire investor believes the pandemic and conflicts will usher in an era of deglobalization.
• The Federal Reserve will likely have to keep interest rates high to suppress soaring prices, he added.

Higher-than-normal inflation could be here to stay, according to billionaire investor Ken Griffin.

The Citadel founder said late Wednesday that soaring prices could become entrenched as COVID-19 and conflicts in Europe and the Middle East usher in an era of deglobalization.