Scott Bessent appointed as new Treasury Secretary in Trump administration

Donald Trump has appointed Scott Bessent as the new Treasury Secretary, ending weeks of speculation. Bessent, a hedge-fund executive, will take over the role at a critical time for the administration. This appointment signals potential shifts in economic policy for Trump's second term. Bessent's background suggests a focus on financial markets and investment strategies. The announcement comes after a delay following the election, indicating a careful selection process by Trump. Bessent's leadership will be closely watched as the administration navigates economic challenges.