The Federal Reserve lost its chance for a “freebie” by deciding not to begin scaling back its $85-billion-a-month bond-buying program because the markets had already factored in the taper, hedge fund pro Stanley Druckenmiller told CNBC on Thursday….
Druckenmiller argued that the Fed’s lack of action will make it much harder for the next central bank chairman to start tapering.
Read it all (the full video of the interview is highly recommended if you have the time).