Trump quickly fills Cabinet positions but takes time to choose treasury secretary

President-elect Donald Trump has quickly appointed several Cabinet members but took longer to choose Scott Bessent as his treasury secretary nominee. Bessent, a billionaire investor, is expected to help shape Trump's economic policies. Bessent's selection reflects Trump's desire for a candidate who aligns with his vision while managing economic challenges like inflation and national debt. Critics, including Senate Finance Committee Chair Ron Wyden, have expressed concerns about Bessent's wealth and potential influence. Trump's economic plans include extending tax cuts and addressing trade imbalances, but there are uncertainties about how these policies will impact the economy. Bessent's role may involve navigating tensions with the Federal Reserve regarding inflation control.