Stanley Druckenmiller fears a recession is on the way after more than a year of aggressive interest rate hikes from the Federal Reserve have failed to quash inflation. The famed hedge funder, who now operates the Duquesne Family Office, said Wednesday that despite the economy’s recent resilience—headlined by a low unemployment rate and positive first-quarter GDP growth—he believes a “hard landing” is inevitable.
“Our central case is there’s more shoes to drop, particularly—in addition to the asset markets—economically,” he told Bloomberg Wednesday.
