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What Scott Bessent’s appointment means for the Trump administration
The President-elect’s nominee for Treasury secretary faces a gruelling job.
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Mr Scott Bessent is said to be a sharp observer of markets and has a deep grasp of macroeconomics, which has earned him respect on Wall Street.
PHOTO: REUTERS
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The Economist
At last, white smoke has emerged from Mar-a-Lago. Two-and-a-half weeks after the election and more than a week since it first seemed as if an announcement about a choice of Treasury secretary was coming, Donald Trump has finally made his decision.
On Nov 22, the campaign said Mr Scott Bessent, a hedge fund titan, would command 1500 Pennsylvania Avenue. Both the appointment of Mr Bessent, and the manner in which he was picked, offer clues about economic policy during a second Trump term.
