President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary, a key cabinet position with vast influence over economic, regulatory and international affairs.
„I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States,“ Trump said in a statement released on Truth Social. „Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists.“
Wall Street has been closely watching who Trump will pick, especially given his plans to remake global trade through tariffs and extend and potentially expand the raft of tax cuts enacted during his first term.