Trump appoints loyalists to key financial roles to support economic agenda

Donald Trump has appointed loyalists Howard Lutnick and Scott Bessent to key financial positions in his administration. Lutnick will serve as commerce secretary, while Bessent will take on the role of Treasury secretary, both expected to support Trump's economic agenda. This marks a shift from previous administrations, as Trump is prioritizing candidates who align closely with his policies on tariffs and taxes. Economists have raised concerns about the potential economic impact of these strategies, but Trump has chosen to disregard such warnings. The decision to exclude Jamie Dimon, CEO of JPMorgan Chase, from consideration for Treasury reflects Trump's focus on loyalty over traditional qualifications. This approach signals a commitment to a more unified economic strategy, with little room for dissenting views.