“I am pleased to nominate Scott Bessent to be the 79th Secretary of the Treasury of the United States… My administration will restore freedom, strength, resilience, and efficiency to our capital markets. We will revitalize the private sector, and limit the unsustainable path of federal debt,” The Hill quoted Mr. Trump’s statement posted on the Truth Social network on the evening of November 22 (US time).

Mr. Scott Bessent. Photo: Fox News

“Scott Bessent has long been a strong supporter of the America First agenda. On the eve of our 250th anniversary, he will help me usher in a new ‘Golden Age’ for the United States, as we strengthen our position as the world’s leading economy , a hub for innovation and entrepreneurship, a destination for capital flows, and a strong US dollar,” the statement added. According to The Hill, the Treasury Secretary is an important position in the Washington administration, when the person holding this position will advise the US President on economic and financial issues. Mr. Bessent, founder and CEO of the Key Square Group hedge fund, served as an economic advisor to Mr. Trump’s election campaign. He also frequently appears on financial talk shows and has voiced support for Mr. Trump’s economic policies.

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