Stanley Druckenmiller says stock market is in ‘an absolute raging mania’ and fears Fed raised risk of inflation and deflation

The famed former hedge-fund manager, who with George Soros famously broke the Bank of England by shorting the pound in 1992, told CNBC in an interview on Wednesday that the Federal Reserve has inspired a “big party” in financial markets that has powered the stratospheric climb for stocks which he says eventually leads to a “hangover.”