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. The in-fighting had nothing to do with Bessent’s qualifications. His background in economics and finance is solid, including an undergraduate degree from Yale University and later teaching there. He currently runs Key Square, a macro hedge fund he
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