Trump's safe Treasury pick suggests he doesn't want to rock the boat on Wall Street

Contributing sentiments towards policy:

52% : "Choosing Bessent proves some guardrails on Trump still exist - especially when it comes to Wall Street and managing the country's money.
52% : "Scott understands markets, economics, people, and geopolitics better than anyone I've ever interacted with," said Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, in an X post last week.Markets as guardrailsDuring his first term, Trump obsessed over market moves, viewing the Dow Jones Industrial Average as a real-time barometer of his success.
49% : Trump regularly tweeted out even the most mundane market milestones, sharply departing from the hands-off approach his predecessors took with the market.
41% : It's easy to see how a similar story could play out in 2025 as Trump has vowed to impose 60% tariffs on China, a leading US trading partner and source of supplies and parts for American companies.
33% : That market turbulence left Trump hungry to strike a deal with Chinese President Xi Jinping during a high-stakes meeting in Argentina, sources told CNN at the time.
28% : When markets failed to rebound, Trump expressed anxiety about plunging stocks and even worried the losses could damage him politically.
14% : "In other words, Trump did not pick the Matt Gaetz or Robert F. Kennedy, Jr., of Wall Street to run Treasury.
3% : Investors could also react very negatively if Trump made a move to push out Federal Reserve Chair Jerome Powell, with whom Trump has had a complicated and, at times, contentious relationship.

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