Treasury Secretary Scott Bessent claimed his government position gives him an edge against traders, drawing immediate fire from market experts who accused him of running an “Activist Treasury.”
‘Activist Treasury’
The clash comes as the Treasury has announced the scale of an expanded bond buyback program aimed at constraining long-term U.S. bond yields. The initiative has drawn sharp criticism from Wall Street figures. Financial commentator Bob Elliott of Unlimited Funds directly challenged the policy on X, stating: “Call it what it is – Activist Treasury Buybacks.”
Bessent’s former mentor, billionaire investor Stanley Druckenmiller, echoed this sentiment, recently publishing a Wall Street Journal op-ed slamming the Secretary for attempting to manually lower yields.
‘I Am The House’
