Druckenmiller, who shaped Bessent's early career at Soros's fund, wrote in the Wall Street Journal that expanding Treasury buybacks of long-dated bonds interferes with market signals on the $40 trillion national debt and deficits.
Bessent defended the doubled $4 billion operations as a way to boost liquidity and cut borrowing costs, noting U.S. bonds have topped markets since Trump took office. The rare public clash highlights tensions over whether such moves delay fiscal fixes or support stability amid sensitive bond dynamics.