1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

Stanley Druckenmiller on CNBC: 'I'm Worried About the Long Term'

Former Soros partner discusses interest rates and the economy

June 07, 2019 | About:

Hedge fund manager Stanley Druckenmiller (Trades, Portfolio) joined CNBC Friday morning to discuss the moves of the Federal Reserve and economic conditions.

"We had a booming economy, fairly early cycle. I know I talk too much about the Fed, but at the time I said they should sneak one in every time they can until they get to some normal rate," he said. "I deeply, deeply believe in a capitalist system you need a hurdle rate for investment. And if that rate is not up there somewhere around 3 or 4 [percent], people are going to get crazy."

Druckenmiller blamed Yellen for not raising rates earlier in the economic recovery following the recession.

"Chairman Powell has now got a tough situation on his hands," he said.

Druckenmiller also said he felt worried about the long term because monetary policy had created "a lot of build ups," and he criticized Trump for wanting to lower rates because of the large debt low rates had created.

Druckenmiller has one of the best records on Wall Street with his performance at George Soros (Trades, Portfolio)' Quantum Fund. He closed his hedge fund Duquesne Capital Management, in 2010, and runs Duquesne Family Office.

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website

Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by Holly LaFon

User Generated Screeners

pascal.van.garsseHigh FCF-M2
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)