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International Business Times
International Business Times
Business

Bessent Addresses His Mentor's Criticism Of U.S. Debt Buybacks, Defends Intervening In The Market

Treasury Secretary Scott Bessent defended the administration's decision to buy U.S. debt, addressing criticism from his mentor Stanley Druckenmiller.

Treasury Secretary Scott Bessent defended the administration's decision to buy U.S. debt, addressing criticism from his mentor Stanley Druckenmiller.

"Stan's a great investor, but what I would point out is that again, the U.S. bond market has been the best performing market since the president came in," Bessent told CNBC on Monday.

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