UPDATED: Sources Confirm Trump Has Tapped Billionaire Hedge Fund Manager to Lead Treasury
By streiff | 6:40 PM on November 22, 2024
The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com.
Update [6:39 p.m. EST]: The Wall Street Journal is reporting that sources confirms that President-elect Donald Trump has chosen hedge-fund manager Scott Bessent as Treasury Secretary:
Breaking: Donald Trump named hedge-fund manager Scott Bessent to lead the Treasury Department https://t.co/GGiiIAalVK
— The Wall Street Journal (@WSJ) November 22, 2024
— The Wall Street Journal (@WSJ) November 22, 2024
WASHINGTON—Donald Trump has selected hedge-fund manager Scott Bessent to lead the Treasury Department, according to people familiar with the matter, elevating one of the finance world’s most vocal supporters of the president-elect to a crucial position overseeing the incoming administration’s economic agenda.
Bessent in recent months has become a key economic adviser to Trump and his team. He has defended Trump’s economic proposals in the midst of opposition from some on Wall Street, who worry that the president-elect’s pledge to impose sweeping tariffs will trigger trade wars and ultimately lead to higher prices for American consumers.
...
A spokeswoman for Trump’s transition team did not immediately respond to a request for comment.
Bessent in recent months has become a key economic adviser to Trump and his team. He has defended Trump’s economic proposals in the midst of opposition from some on Wall Street, who worry that the president-elect’s pledge to impose sweeping tariffs will trigger trade wars and ultimately lead to higher prices for American consumers.
...
A spokeswoman for Trump’s transition team did not immediately respond to a request for comment.
...
READ MORE: https://redstate.com/streiff/2024/11/22/trump-taps-billionaire-hedge-fund-manager-to-lead-treasury-department-n2181867
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