President-Elect Trump taps Scott Bessent for Treasury Secretary

New York Post

President-elect Donald Trump will name hedge fund mogul Scott Bessent as the next Treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street.

Bessent “got the thumbs up” late Thursday during a meeting with Trump, 78, at his Mar-a-Lago resort in Palm Beach, Fla., one source close to the situation told The Post.

A flurry of last-minute media reports had floated several candidates for the job. Late Thursday, the Wall Street Journal reported that financier Kevin Warsh had met with Trump on Wednesday about the Treasury post — and possibly replacing Jerome Powell as Fed chairman when his term expires in 2026.

Trump also met about the Treasury role with Marc Rowan, the billionaire boss of buyout firm Apollo Global Management, at Mar-a-Lago earlier this week.

 

This entry was posted in 47th President Trump, Cabinet Picks, Treasury and tagged . Bookmark the permalink.

1 Response to President-Elect Trump taps Scott Bessent for Treasury Secretary

  1. mosckerr's avatar mosckerr says:

    President-elect Donald Trump has nominated Scott Bessent, a prominent investor and hedge fund manager, to be the next Treasury Secretary. Bessent, the founder of Key Square Capital Management, has been a strong supporter of Trump’s economic policies and has extensive experience in finance. His nomination is seen as a move to stabilize markets and advance Trump’s economic agenda, including addressing trade imbalances and promoting economic growth.

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