Weekend – Trump nominated Scott Bessent to serve as Treasury Department secretary

  • Forex
  • November 24, 2024


Bessent and ex-Fed Warsh were two front runners, Bessent has been given the nod.

Bessent background, in brief:

  • was the CIO of Soros Fund Management
  • founder of Key Square Capital Management, a hedge fund
  • came out for the MAGA movement after working for Soros
  • donated to Trump’s presidential campaign, has donated to Democrats also
  • advised Trump on economic policy

As for his policies, he is said to be a supporter of tariffs, though not at the levels and speed wanted by Trump. He may have to adapt to Trump’s views now he is a pick.



  • Related Posts

    Forexlive Americas FX news wrap 22 Nov: US PMI data better than Europe. USD moves higher.
    • November 23, 2024

    Markets: Gold up $37.21 or 1.4% $2706.61 US 10-year yield 4.414%, -1 point basis points US 2-year yield 4.377%, +220 basis points WTI crude oil up $1.08 or 1.53% $71.19…

    Continue reading
    Fed: U.S. government fiscal sustainability tops the list of financial system risks
    • November 22, 2024

    High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…

    Continue reading

    Random News

    Elon Musk threatened to buy MSNBC. Joe Rogan jumped in with ideas, too.

    • By gonews
    • November 24, 2024
    • 0 views
    Elon Musk threatened to buy MSNBC. Joe Rogan jumped in with ideas, too.

    The Do’s, Don’ts, And Profits

    • By gonews
    • November 24, 2024
    • 0 views
    The Do’s, Don’ts, And Profits

    Cher Reveals Real Name After Birth Certificate Error

    • By gonews
    • November 24, 2024
    • 0 views
    Cher Reveals Real Name After Birth Certificate Error

    The benefits of estimating your tax bracket when investing

    • By gonews
    • November 24, 2024
    • 0 views
    The benefits of estimating your tax bracket when investing

    Weekend – Trump nominated Scott Bessent to serve as Treasury Department secretary

    • By gonews
    • November 24, 2024
    • 1 views
    Weekend – Trump nominated Scott Bessent to serve as Treasury Department secretary

    From bibles to sneakers to guitars: Trump-branded merchandise is everywhere, but could it create legal woes for the president-elect?

    • By gonews
    • November 24, 2024
    • 1 views
    From bibles to sneakers to guitars: Trump-branded merchandise is everywhere, but could it create legal woes for the president-elect?