Bessent: Druckenmiller Probably Lost Money Before Critical Op-Ed -- WSJ
Dow Jones2026/08/31 15:14By Joseph De Avila
Treasury Secretary Scott Bessent said he spoke with Stanley Druckenmiller after the legendary hedge-fund investor criticized Bessent's move to intervene in the U.S. bond market.
Bessent, who considers Druckenmiller a mentor, said the conversation went fine. "Stan's a great investor," Bessent said in an interview Monday on CNBC. "He changes his mind a lot. And he doesn't like losing money. I think he lost money the day he sent in the editorial."
Bessent also defended the performance of the U.S. Treasury market. "I would point out is that again the U.S. bond market has been the best performing market since the president came in," Bessent said.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 31, 2026 11:14 ET (15:14 GMT)
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