“The irony of the guy working for Soros and Druckenmiller who broke the Bank of England back in 1992 pretending that you can do FX intervention alone, and lastingly defend a currency, is just amazing,”

Adam Posen · said date not stated · reported 2026-08-25

Posen told the Financial Times earlier this month that it was ironic Bessent, who worked with Soros and Druckenmiller when they broke the Bank of England, was pretending FX intervention alone could lastingly defend a currency.