Volcker’s 18% rates crushed inflation—Druckenmiller saw it and went all in.
Druckenmiller "So, the next thing that happened when I started at Duquesne, Ronald Reagan had become President, and we had a radical man named Paul Volcker running the Federal Reserve and inflation was 12 percent. The whole world thought it was going to go through the roof,… — Win Smart, CFA (@WinfieldSmart) April 1, 2025