Trump Team Prepares to Announce Bessent as Treasury Pick
- Bessent brings Wall Street experience to highest economic role
- Treasury chief seen having sway over China policy, dollar, Fed
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President-elect Donald Trump’s transition team is preparing to announce that he has selected Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury secretary, according to people familiar with the matter.
The announcement is expected to be made as soon as Friday, said the people, who spoke on condition of anonymity to discuss the process, and a press release is being prepared.