Weekend - Trump nominated Scott Bessent to serve as Treasury Department secretaryBessent and ex-Fed Warsh were two front runners, Bessent has been given the nod.
Bessent background, in brief:
- was the CIO of Soros Fund Management
- founder of Key Square Capital Management, a hedge fund
- came out for the MAGA movement after working for Soros
- donated to Trump's presidential campaign, has donated to Democrats also
- advised Trump on economic policy
As for his policies, he is said to be a supporter of tariffs, though not at the levels and speed wanted by Trump. He may have to adapt to Trump's views now he is a pick.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Weekend - Trump nominated Scott Bessent to serve as Treasury Department secretary (https://www.forexlive.com/news/weekend-trump-nominated-scott-bessent-to-serve-as-treasury-department-secretary-20241124/)
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