The president-elect of the United States, Donald Trump, nominated this Friday the investor and hedge fund manager, Scott Bessent, as the new Secretary of the Treasury, highlighting him as “one of the world’s leading international investors and geopolitical and economic strategists.”
Bessent, 62, was one of Trump’s economic policy advisors during the election campaign, and is the founder of the hedge fund Key Square Capital Management.
According to Trump, Bessent ha sidor “long a strong supporter of the agenda ‘America First’ (America First)”. “My Administration will restore the freedom, strength, resilience and efficiency of our capital markets. We will give new impetus to the private sector and help stop the unsustainable trajectory of federal debt,” the statement reads.
Collector and defender of the president
Bessent has been one of the key fundraising figures in Trump’s election race, and has defended his economic stance in several media appearances. Prior to founding Key Square, he worked at Soros Capital Management, where he served as Chief Investment Officer from 2011 to 2015.
One of Trump’s most controversial proposals in the economic field is to apply high tariffs on all imports, which has led some economists to warn that this measure could revive inflation.
The investor could be a key figure in promoting Trump’s fiscal agenda on Capitol Hill, and would also be in charge of economic relations between the North American country and the rest of the world.