Trump quickly fills Cabinet positions but takes time to choose treasury secretary
President-elect Donald Trump has quickly selected several Cabinet members but took longer to choose Scott Bessent as treasury secretary. Bessent, a billionaire investor, is expected to align with Trump's economic vision while managing significant challenges. Bessent's appointment reflects Trump's cautious approach after a campaign focused on economic issues, particularly inflation. Critics, including Senate Finance Committee Chair Ron Wyden, have expressed concerns about Bessent's wealth and potential influence on economic policy. Trump's economic plans include extending tax cuts and addressing trade imbalances, but there are uncertainties about how these will impact the national deficit. Bessent's role may also involve navigating potential conflicts with the Federal Reserve regarding inflation management.