Trump's Treasury Pick Bessent: Conventional Choice Amid Economic Challenges
TL;DR Summary
President-elect Donald Trump has appointed relatively conventional figures, Scott Bessent as Treasury Secretary and Kevin Hassett to lead the National Economic Council, to his economic team. This move has garnered bipartisan praise and is seen as a potential moderating influence on Trump's aggressive tariff policies, despite his administration's overall composition of ideologues and loyalists.
- Trump’s economic team is surprisingly conventional. Will it limit tariffs? The Washington Post
- He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury. The New York Times
- U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why CNBC
- Bessent Has $6.7 Trillion Mountain of Worry Waiting at Treasury Bloomberg
- Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros Fortune
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