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Druckenmiller Says Inflation Could Reach as High as 10%

  • Sees inflation moving up in the next four to five years
  • Says Federal Reserve created conditions that fueled markets
Updated on

The markets are in a “raging mania” and rising inflation is a big threat, investor Stan Druckenmiller said.

Inflation could hit 5% to 10% in the next four to five years, Druckenmiller said Wednesday in a CNBC interview, adding that the Federal Reserve has created conditions that have sent valuations soaring. Deflation is also a risk, he said.