Treasury Secretary Scott Bessent's attempt to rein in long-term U.S. borrowing costs is facing a growing backlash on Wall Street, including from one of the investors who helped shape the early days of his career.
Billionaire investor Stanley Druckenmiller, founder of Duquesne Family Office and Bessent's former investing mentor, has emerged as one of the most prominent critics of the Treasury's expanding intervention in the bond market.
