Time - The announcement that President-elect Donald Trump’s long-anticipated pick for Treasury Secretary will be hedge fund manager Scott Bessent is being received well by business leaders and markets, who are reassured that Bessent finally emerged on top after a selection process and jockeying by top candidates...
By far, Bessent, a global macro investor, was the only contender who CEOs viewed as qualified and competent and able to work constructively with Trump. As I told The Washington Post, “Bessent has the backing of everybody on Wall Street.”
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