Stanley Druckenmiller says Fed must pause because the economy ca

Stanley Druckenmiller says Fed must pause because the economy can 'ill afford a major policy error'

• "The central bank should pause its double-barreled blitz of higher interest rates and tighter liquidity," Drunkenmiller says in a WSJ op-ed.
• He cites slowing global trade growth and the U.S. financial markets' sell-off, particularly in bank stocks.
• The U.S. economy can "ill afford a major policy error," either from the Fed or the rest of the administration, he says.
• Markets are now foreseeing a 78 percent chance of a hike this week.