Druckenmiller is worried about inflation, says it could hit 10% in coming years

Stanley Druckenmiller
Anjali Sundaram

(This story is for CNBC Pro subscribers only). 

Billionaire hedge fund manager Stanley Druckenmiller warned on Wednesday that actions by the Federal Reserve have raised the chances for inflation and deflation.

Druckenmiller, the chairman and CEO of the Duquesne Family Office, said on CNBC's "Squawk Box" that the central bank's new willingness to let inflation run hot posed a risk to price stability. "For the first time in a long, long time, I'm actually worried about inflation," he said.  

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