Scott Bessent is the founder of the investment company Key Square Group and a staunch supporter of political control of the US central bank (Fed).
US President-elect Donald Trump has announced that he has chosen Scott Bessent for the position of Secretary of the Treasury.
Bessent is the founder of the investment company Key Square Group and a staunch supporter of political control of the US central bank (Fed).
Bessent has also supported tax reform and deregulation, particularly to further stimulate bank lending and energy production, as noted in a recent Wall Street Journal op-ed. The rally on Wall Street following Donald Trump’s Nov. 5 presidential election victory, Bessent said, has fueled investors’ “expectations for higher growth, curbing volatility and inflation, and a revitalization of the economy for all Americans.”
Scott Bessent succeeds other economic luminaries who have taken over the US Treasury in the past – including former Goldman Sachs executives Robert Rubin, Hank Paulson and Steven Mnuchin, Trump’s first Treasury Secretary appointee. Outgoing Treasury Secretary Janet Yellen, the first woman to hold the position, previously served as Fed chair and served as White House chief of economic advisers.
Source :Skai
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