HomeWorldTrump has decided on...

Trump has decided on his nominee for Treasury Secretary

Image: Vertical

Scott Bessent is expected to introduce an aggressive customs regime designed to slow global trade while keeping financial markets calm amid the crisis.

US President-elect Donald Trump plans to nominate Key Square Group hedge fund manager Scott Bessent as Treasury Secretary in his new administration. The Hill reported this on Friday, November 22.

It was noted that Bessent’s candidacy must be confirmed by the Senate, which is controlled by the Republican Party. If this happens, he will be the country’s first openly gay finance minister.

According to the publication, 62-year-old Bessent was an economic adviser to the Trump election campaign and often appeared on financial talk shows, where he debated the economic policies of the newly elected president.

Writing in The Wall Street Journal after Trump’s victory, he talked about the markets’ reaction to the Republican candidate’s victory, arguing that it showed that they “uniformly embrace Trump’s economic vision 2.0.”

“Markets are signaling expectations for higher growth, lower volatility and inflation, and a stronger economy for all Americans,” Bessent wrote.

After billionaire investor John Paulson bowed out and Cantor Fitzgerald CEO Howard Lutnick was chosen to be Commerce Secretary, Bessent emerged as the leading contender for Treasury Secretary.

Bessent will lead the president-elect’s economic team, which will craft an aggressive customs regime designed to slow global trade while keeping financial markets calm amid the crisis.

He criticized President Joe Biden’s administration for its handling of federal debt financing and discussed expanding “friendshoring” policies to create a tiered system among trading partners.

As you know, the US Treasury Department has a department that monitors the Russian Federation’s attempts to evade economic sanctions and imposes secondary sanctions against institutions in third countries that help it.

It was previously reported that Trump will appoint former US National Intelligence chief John Ratcliffe to the position of Director of the Central Intelligence Agency.

Trump is also considering the candidacy of Republican Senator from Florida Marco Rubio for the position of head of the US foreign policy department.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The night of the night was a family missile missiles Ballyist

The military -air forces reported that on the night of July 19, the enemy attacked 379 with the help of an air attack, of which 208 managed to win, another 136 were called the location. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px)...

Trump has disappeared The Wall Street Journal, and he is Bolllets

US President Donald Trump filed a lawsuit against the Federal Court of Miami against Wall Street Journal and its owners. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } He accuses...

Smis learned that the United States would reconstruct the supply of the Rada of Ukraine

The media learned how the United States will redistribute weapons for Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The US Presidential Administration Donald Trump redistributes the weapon to...

Saber Sebert: Mother of the faded sawdust of Yusa on shampoos

The mother of the dead pilot Jus Lilia Euhenov spoke about the search for DBR in the apartment of her son. She believes that there was no respect for the house of the Hero of Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width:...

Three Hillion and Pavlograd gardens hugged under a multiple blow of Rushistov (photo)

The racists held a huge combined attack by the BPC, winged and ballistic missiles on Pavlograd, Dnipros, and the Sidelniki area on the night of July 19. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action:...