Economic Times – Iconic hedge fund manager Stanley Druckenmiller, the founder of Duquesne Capital Management, skewered the Federal Reserve at the CNBC Delivering Alpha conference. He says today’s Federal Reserve policy is as “baffling” as he’s ever seen.
Druckenmiller said the current Fed policy “makes no sense from a risk or reward perspective” and that it will “end badly”. He doesn’t see it being like 2008 or 2009, though, because it’s “not systemic”.
