The Latest Breaking News from Scott Bessent

Musk Jumps Into Treasury Secretary Fray, Pushes Disrupter Howard Lutnick

Frontrunner Scott Bessent is widely seen to have the support of Wall Street insiders

International Business Times · Nov 17, 2024

Musk publicly supports Lutnick for treasury secretary as Trump considers pick

Musk’s comments on X supporting candidate comes amid anxiety over entrepreneur’s proximity to Trump

The Guardian - US · Nov 17, 2024

Trump names fossil fuel executive Chris Wright as energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary after his second administration begins in January

The Independent UK · Nov 17, 2024

Scott Bessent – Is The Trump Treasury Secretary Potential Pick Good For Crypto?

Scott Bessent is reportedly a heavy favorite in Trump's final list of potential individuals to lead the U.S. Treasury – who is he and will his views have an impact on Bitcoin and the broader crypto industry?

International Business Times · Nov 12, 2024

Jerome Powell was prepared to fight for his job in court when Trump mulled firing the Fed chief in 2018, report says

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

Fortune · Nov 11, 2024

Fed Chair Jerome Powell won't resign if Trump asks him to

Trump has said he should have a say in setting interest rates.

Fortune · Nov 7, 2024

Trump’s cabinet and White House picks – so far

A look at the people who have been and still could be offered key positions when Trump takes office

The Guardian - US · Nov 6, 2024

Trump advisor proposes a shadow Fed chair, but Wall Street veteran Ed Yardeni thinks it’s a recipe for disaster

Key Square hedge fund founder Scott Bessent’s plan to sideline Jerome Powell aligns with Trump’s declared aim of eroding the U.S. central bank’s independence.

Fortune · Oct 10, 2024