Trump’s safe Treasury pick suggests he doesn’t want to rock the boat on Wall Street
CNN
President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. Scott Bessent won’t freak out Wall Street, the industry he’s set to oversee.
President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. Scott Bessent won’t freak out Wall Street, the industry he’s set to oversee. Treasury secretary is a serious job for a serious person who can meet immediate deadlines and pressures weighing on the financial markets from around the globe. In many respects, the Treasury secretary is the quarterback of the economy. A radical selection could’ve rattled investors and added risk to Trump’s already complex economic agenda. Wall Street was unfazed by the selection. Some applauded it. “Scott Bessent has been considered by many observers to be one of the most respected and competent contenders,” said Judge Glock, a Manhattan Institute senior fellow. “He has maintained his ties to traditional business and financial groups as well as to Trump loyalists.” In other words, Trump did not pick the Matt Gaetz or Robert F. Kennedy, Jr., of Wall Street to run Treasury.
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