5 Things to Know About Scott Bessent, Trump's Treasury Secretary Nominee

Contributing sentiments towards policy:

80% : This year, Trump proposed a universal 10 to 20 percent tariff and a 60 to 100 percent levy on Chinese goods.Recently appearing on CNBC, Bessent stated that tariffs are an "amazing tool," but would need to be "layered in gradually" to ensure that higher prices show up over time.
56% : "Scott is widely respected as one of the world's foremost international investors and geopolitical and economic strategists," Trump said in a statement on the nomination.
46% : These moves, along with creating a national strategic reserve, would make the United States the "crypto capital of the planet," Trump said.
44% : "If Trump were to employ his three-point economic proposal, the Fed could then transition "into a proper easing cycle.
43% : Trump has yet to endorse a specific tariff policy, but the financial markets have been given a blueprint based on the president-elect's public comments.
38% : "Wall Street is monitoring the relationship between Trump and Powell.
37% : Trump also announced he would establish a "bitcoin and crypto presidential advisory council."
36% : "Bessent has also said he would urge Trump to publicly announce his aim to trim the deficit to 3 percent of GDP "by the end of his term.
26% : Powell told reporters at this month's post-meeting press conference that he would not resign if Trump requested him to do so and a possible termination is "not permitted under the law.
25% : "Trump has stated that he thinks presidents should have a say in the Fed's monetary policy decision-making, though he does not believe the commander-in-chief should have the final say.

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