Episode Details

Stanley Druckenmiller just delivered a brutal public rebuke of his former protégé, Treasury Secretary Scott Bessent. Catherine Rampell is joined by Bob Elliott, co-founder and chief investment officer at Unlimited, for his take on what’s behind Druckenmiller’s criticism and why Bessent’s bond-market strategy may be making things worse. They also discuss Bessent’s failed attempt to push down long-term interest rates, the erosion of confidence in U.S. economic policymakers, and what Druckenmiller’s intervention says about the growing divide on Trump’s economic team.