A rise in inflation is among the biggest risks to financial markets today, and the Federal Reserve could miss critical warning signs, the hedge fund billionaire Ken Griffin said Thursday. Inflation has remained relatively stagnant for years, rarely landing above the Fed's 2% target or low enough to drive fears of price deflation. Markets have generally priced in a lack of rapid inflation, leaving the US with "absolutely no preparedness" for such a jump, Griffin, who founded the $32 billion hedge fund Citadel, said at The Economic Club of New York. "If there were inflation, the markets are utterly and completely ... (full story)