Trump Taps Billionaire Hedge Fund Manager to Lead Treasury Department

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President-elect Donald Trump has tapped billionaire hedge fund manager and investor Scott Bessent to serve as Secretary of the Treasury, according to multiple reports.





Bessent is billed as a crypto-currency enthusiast and an advocate of deregulation. He will also be a key figure in using America’s economic power to support its diplomatic priorities.

He has advocated for his version of Japan’s “three arrows” plan as a focus for economic revitalization: 3% real growth, a deficit of 3% or GDP, and “3 million more oil barrels flowing a day from U.S. energy production.”

Following the trend set in other announcements this week, Bessent has been a Trump loyalist since his first term despite being an Al Gore fundraiser in 2000 and one of George Soros’s inner circle. 

Bessent in a known quantity on Wall Street and has Trump’s trust. Those qualities, in combination, promise a swift end to the stagflation of Bidenomics.






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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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