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DeepNewz, mobile.
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Billionaire investor Stanley Druckenmiller has been critical of fiscal and monetary authorities, particularly blaming the Fed for high inflation. He gave Biden's economic policies an 'F' and expressed concerns about inflation under Trump and stagflation under Biden. Druckenmiller emphasized the need for the Fed to focus on monetary policy rather than public appearances, suggesting that rate cuts should be off the table.
“Don’t go on 60 Minutes. You’re not a rock star. OK. You’re the Fed chairman. You’re supposed to be running monetary policy for the good of the country.” - Druckenmiller
Stanley Druckenmiller's #13F portfolio has gained ~30%, his highest quarterly gain since 2013 based on our estimate. Yet Druckenmiller just gave Biden’s economic policies an ‘F'. More here https://t.co/FBFPjVXSXc
LISTEN NOW: Stanley Druckenmiller says rate cuts should be entirely off the table and that the Fed fumbled on the 5-yard line with the game on the line. We look at the path forward for the Fed. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbLjJr https://t.co/6shaCsrT3Z
