Trump selects Wall Street investor Scott Bessent as Treasury Secretary

economictimes.indiatimes.com — November 23, 2024 at 02:01 AM UTC

President-elect Donald Trump has chosen Scott Bessent as his Treasury Secretary. Bessent is a billionaire hedge fund manager and founder of Key Square Capital Management. Bessent has been a key economic adviser to Trump and supports raising tariffs and cutting taxes. He also advocates for deregulation and increased domestic energy production.

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