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America One News
24 Nov 2024
#economy
The Epoch Times: 5 Things to Know About Scott Bessent, Trump’s Treasury Secretary Nominee
President-elect Donald Trump has nominated Scott Bessent, a Wall Street financier and founder of Key Square Group, as Treasury Secretary. Bessent is recognized for his expertise in international investments and has a history of supporting cryptocurrency. He aims to navigate economic challenges, including tariffs and the federal deficit.
Bessent's economic strategy includes promoting deregulation, increasing U.S. energy production, and reducing the deficit to 3% of GDP. He has proposed a three-point plan inspired by Japan's Abenomics and has suggested establishing a "shadow Fed Chair" to influence monetary policy.