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Hedge fund billionaire: Fed’s move ‘fantastic’ for the rich

NBC – The Federal Reserve isn’t just inflating markets. It’s also shifting a massive amount of wealth from the middle-class and poor to the rich, according to billionaire hedge fund manager Stanley Druckenmiller.

In an interview on “Squawk Box,” the founder of hedge fund Duquesne Capital said that the Federal Reserve’s policy of quantitative easing was inflating stocks and other assets held by wealthy investors like himself. But the price of making the rich richer will be paid by future generations.

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