US Treasury’s Scott Bessent ‘will lose’ battle with bond markets, former mentor warns
The Guardian2h ago1 newsroom
Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor. The billionaire investor Stanley Druckenmiller, who worked with Bessent at…