October 22, 2020

Market and Financial News Aggregator

Druckenmiller is worried about inflation, says it could hit as high as 10% in coming years

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Stanley Druckenmiller

Anjali Sundaram

(This story is for CNBC Pro subscribers only). 

Veteran hedge fund manager Stanley Druckenmiller warned Wednesday that actions by the Federal Reserve have raised the chances for both inflation and deflation.

Druckenmiller, the chairman and CEO of the Duquesne Family Office, said on CNBC’s “Squawk Box” that the central bank’s new willingness to let inflation run hot posed a risk to price stability, saying, “For the first time in a long, long time, I’m actually worried about inflation.”  

2020-09-09 08:37:00

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