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 Managementfounder of Key Square Capital Management, a hedge fundcame out for the MAGA movement after working for Sorosdonated to Trump’s presidential campaign, has donated to Democrats alsoadvised 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.
This article was written by Eamonn Sheridan at www.forexlive.com.
