President-elect Donald Trump announced in a social media post Friday that he has nominated Scott Bessent to be the 79th Secretary of the Treasury.
Bessent is the latest revelation in the former president's continued list of Cabinet nominees since his Nov. 5 election victory. In a post on Truth Social, President Trump said the billionaire is “widely respected as one of the world's leading international investors” as well as a geopolitical and economic strategist. President Trump emphasized that he was talking about the “American Dream.” (Related: President Trump isn't considering appointing former lawmaker who pushed Russiagate to head FBI, says Dan Scavino)
“Mr. Scott has long been a strong supporter of America First,” Trump wrote. “On the eve of our great nation's 250th anniversary, he announced America's new gold as we strengthen our position as the world's leading economy, center of innovation and entrepreneurship, and destination for capital. It will help usher in the coming of age and, without question, maintain the US dollar as the world's reserve currency.”
read:
“Unlike previous administrations, we will ensure that no American is left behind in the next greatest economic boom. Mr. Scott will lead that effort for me and our great people,” Trump said. he added.
Bessent, 62, of South Carolina, is the founder of Key Square Capital Management, a hedge fund with an estimated $14.2 billion under management. According to Go to Wall Mine. Before advising Trump on economic policy during the campaign, Bessent was chief investment officer at Soros Fund Management, the investment firm founded by liberal mega-donor George Soros.
During the campaign, President Trump pushed for tariff approval and pledges to revitalize the U.S. economy, as voters expressed continued disapproval of the Biden-Harris administration's economic response.
Following Trump's victory, Bessent said: wall street journalpointed out that financial markets had already accepted the “Trump 2.0 economic vision.'' started to move It's a policy Bessent has long advocated in anticipation of President Trump's tax cuts and deregulation.
Recently fox news In the op-ed, Bessent defended tariffs, an economic tool that President Trump had pushed for particularly in the final weeks of the campaign. In his article, Bessent criticized Vice President Kamala Harris' campaign for misleading voters by likening the tariff to a “sales tax.”
“The truth is that tariffs have a long and storied history as a means of raising revenue and protecting America's strategically important industries. “Tariffs are a means of negotiating with our trading partners,” Bessent wrote.
All content produced by the Daily Caller News Foundation, an independent, nonpartisan news distribution service, is available free of charge to legitimate news publishers with large audiences. All republished articles must include our logo, reporter byline, and DCNF affiliation. If you have any questions about our guidelines or partnering with us, please contact us at licensing@dailycallernewsfoundation.org.
