Scott Bessent: Trump picks Wall Street investor Scott Bessent for Treasury Secretary – The Economic Times Video

President-elect Donald Trump picked Scott Bessent to serve as Treasury secretary Friday, tapping a billionaire hedge fund manager to lead an economic agenda that is expected to be built around raising tariffs and cutting taxes. Bessent, the founder of the investment firm Key Square Capital Management, has emerged as a central economic adviser to Trump over the past year. He has called for rolling back government subsidies, deregulating the economy and raising domestic energy production. Unlike many on Wall Street, Bessent, 62, has also defended the use of tariffs, which are Trump’s favorite economic tool.

ET Online | 23 Nov 2024, 06:31 AM IST