Trump’s Treasury nominee faces a tough balancing act

Among Donald Trump’s cabinet appointments, the most important for investors is the secretary of the Treasury, who will guide Trump’s economic agenda.  

Scott Bessent is well suited for the role and was considered the front-runner for the position after the election. However, he had to win a “knife fight” to get the position according to the Wall Street Journal, as he was pitted against several other candidates favored by Trump loyalists.