President-elect Donald Trump has named Scott Bessent, a prominent figure in the financial sector, as his nominee for Secretary of the Treasury.
Bessent, 62, is the founder and CEO of Key Square Capital Group, a macro hedge fund management firm, and has been a vocal supporter of Trump throughout his campaign.
His nomination signals the administration’s intention to align its economic strategies with its “America First” philosophy.
In a statement released on Friday, Trump highlighted Bessent’s alignment with his administration’s goals and praised his personal journey as emblematic of the American Dream.
“Scott has long been a strong advocate of the America First Agenda,” Trump said. “On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the US Dollar as the Reserve Currency of the World.”
Trump further emphasized Bessent’s role in ensuring that the administration’s economic policies create opportunities for all Americans.
“Unlike in past Administrations, we will ensure that no Americans will be left