The Fed may have declared inflation victory too early, Stanley Druckenmiller said.
Inflation could could be bottoming right now, the billionaire investor told a Norges Bank podcast.
"I'm a little worried that the Fed has declared victory too early," the billionaire investor said about consumer prices on a Norges Bank podcast.
When inflation eases, the Fed lowers rates to make sure economic growth keeps up — and has justified its cuts given shifting labor prints.
AdvertisementThough the podcast was recorded prior to the president-elect's victory, Druckenmiller cited that Trump's tariff plans are marginally inflationary.
Persons:
Stanley Druckenmiller, —, Stanley Druckenmiller isn't, Druckenmiller, Donald Trump
Organizations:
Norges Bank, Service, Federal Reserve, Fed, Trump