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A public dispute about bond market intervention, meaning direct government or central bank buying or selling in the bond market to steer prices and borrowing costs, surfaced at a G20 finance meeting.
Scott Bessent told CNBC he had personally spoken with Stanley Druckenmiller after Druckenmiller published a critical op-ed on the subject, and described their conversation as going "fine." The word choice matters.
Bessent did not say the disagreement was resolved. He did not suggest Druckenmiller had a point.
Reporting that on camera, at an international forum for finance officials, is the pushback itself: the critique is acknowledged, and the policy position has not moved. The op-ed was the opening move.
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