Stanley Druckenmiller, CEO of Duquesne Family Office, and Christian Broda, managing director at Duquesne, argued in an op-ed for the Wall Street Journal that the Fed shouldn’t be in emergency mode after the emergency has passed. They warn that the distortion of long-term interest rates is risky for the economy and for the Fed itself. Druckenmiller and Broda also say there are political pressures in the not-too-distant future that require the Fed to stop enabling fiscal and market excesses now. Druckenmiller joined “Squawk Box” on Tuesday to discuss.

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