Trump names hedge fund manager as US Treasury secretaryAFP, WASHINGTONUS President-elect Donald Trump on Friday named billionaire Scott Bessent as his US Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs. “Scott is widely respected as one of the world’s foremost international investors and geopolitical and economic strategists,” Trump said in a statement. Scott Bessent speaks during a rally for former US president Donald Trump in Asheville, North Carolina, on Aug. 14. The US Department of Treasury has oversight across a range of areas, from federal finances to bank supervision. In 2015, he raised capital, including US$2 billion from Soros, to start his own hedge fund.

Source: Taipei Times November 23, 2024 18:43 UTC