Scott Bessent, President-elect Donald Trump's nominee to be Treasury secretary, testifies during his Senate Finance Committee confirmation hearing in Dirksen building on Jan. 16, 2025.Tom Williams/CQ-Roll Call, Inc via Getty Images President-elect Donald Trump's pick to be treasury ...
President-elect Donald Trumpis selectinghedge fund CEO Scott Bessent to be Treasury secretary, he announced Friday. In a statement, Trump said he was "most pleased to nominate" Bessent, describing him as "widely respected as one of the world's foremost international investors and geopolit...
Scott Bessent: Trump policies won't increase inflation Bessent said he expects inflation to be "much closer" to the Federal Reserve's 2% target under Trump, while acknowledging that decisions by Congress and the central bank could play a role in the direction of inflation. When as...
Notably, Trump’s official announcement of Bessent as his pick did not include any mention of tariffs — a major campaign promise Trump hammered during his campaign, though “unfair Trade imbalances” was mentioned. “My Administration will restore Freedom, Strength, Resilience, and Efficiency to ou...
Bessent's comments come just two days before the tariffs are scheduled to go into effect on Tuesday. Trumpis expected to impose25% tariffs on imports from Mexico and Canada. The president also announced the U.S. would impose an extra 10% duty on Chinese imports, on top of the 10% tarif...
Trump would not weaken the dollar, says adviser Scott Bessent, Financial Times, Oct 14, 2024 Scott Bessent’s fund made biggest returns with bet against Fed, Financial Times, Nov 27, 2024 特朗普通过关税传递的信息:我才是经济议程的掌控者,《华尔街日报》中文版,2024年11月28日 ...
Bessent will be confirmed by the Senate. His commitments Thursday carefully tracked Trump’s. “We don’t have a revenue problem,” he said.“We have a spending problem.” Bessent said he would be “100 percent on board” withincreasing sanctionson Russia’s major oil companies. He wants ...
“Bessent is a very skilled investor, he has a great track record over decades but I fear he won’t have much autonomy,” the dealmaker said. The 62-year-old Bessent is a Wall Street veteran who has been among Trump’s most vocal advocates and closest economic advisers in recent months...
The announcement for the job was supposed to come earlier but had been stalled due to intense infighting among President-elect Trump's top advisers. November 22, 2024 Additional Live Streams Additional Live Streams Live ABC News Live Live
Scott Bessent, President-elect Donald Trump's nominee to be Treasury secretary, testifies during his Senate Finance Committee confirmation hearing in Dirksen building on Jan. 16, 2025.Tom Williams/CQ-Roll Call, Inc via Getty Images President-elect Donald Trump's pick to be treasury secretary, Sco...