From the sofa in his office overlooking the White House, Scott Bessent, Donald Trump’s Treasury secretary, summed up how he approaches the job.
“We want the most America-first policies that are possible, without incurring market wrath,” said the 63-year-old hedge fund manager from South Carolina who now runs the cabinet agency responsible for the world’s largest economy and most important debt market.
In just nine months, Bessent has staunchly promoted Trump’s aggressive tariff policies, championed the president’s effort to overhaul the Federal Reserve — including his attempt to fire governor Lisa Cook — and ushered in a new era of sweeping deregulation and tax cuts, including the loosening of crypto rules and the promotion of stablecoins.
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