Investing

Stanley Druckenmiller says loose monetary policy helped elect Donald Trump

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Druckenmiller: Monetary policy helped Trump win election

The Federal Reserve's loose monetary policy helped Donald Trump win the presidential election, billionaire investor Stanley Druckenmiller told CNBC on Thursday.

"It was just a small part of it, but of course it did," Druckenmiller said on "Squawk Box." "Because it caused a massive reallocation of wealth from what I would call the middle class to people like me."

Druckenmiller also lamented protests over the election results.

"It's scary to see the divisiveness," he said. "But history has a very funny way of playing out. And I would not be surprised if we're looking at the absolute peak of divisiveness."