The Trump team is preparing to announce Bessent as the new Secretary of the Treasury.
Informed sources revealed that usa President-elect Donald Trump's transition team is preparing to announce his choice of Scott Bessent, founder of the macro hedge fund Key Square Group, as the new government's Secretary of Treasury. Anonymous sources indicated that the relevant announcement is expected to be made as early as Friday, and a press release is being prepared. Sixty-two-year-old Bessent served as a key economic advisor during Trump's campaign, promoting his agenda and writing policy speeches for him. Trump has been weighing several candidates, including Marc, an executive from apollo global management.
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Trump's first term economic advisor stated that the elected president has "plenty of time" to choose the Secretary of the Treasury.
Gary Cohn, former chief economic advisor to Trump, stated that selecting the new government's Secretary of the Treasury is one of the most critical choices for the incoming president, but he does not believe the process will take too long. "Choosing this person, even if it is not the most important decision he has to make, is one of the most important decisions. Therefore, it is important to do it well," Cohn said on Thursday. Cohn pointed out that the two most important economic officials before the start of Trump's first term were both selected after the Thanksgiving holiday in 2016, namely himself and former Treasury Secretary Steven Mnuchin, so there is still "plenty of time" to make the decision. Cohn indicated that Trump has ample time to choose.
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