Donald Trump.Photo: Reuters.
Donald Trump has announced the appointment of Scott Bessent, one of the largest international investors and economic strategists, as US Treasury Secretary. Bessent, who was the first major Wall Street financier to support Trump during his presidential campaign, will be responsible for the country’s key economic reforms. This is reported by Time Ukraine Israel portal, citing Israelinfo.
Trump praised Bessent, calling him “one of the greatest strategists in the financial and geopolitical spheres” and stressed that his story is the embodiment of the American dream. “This is a person who represents the essence of success and achievement,” Trump said.
Bessent’s career path: from Soros to a key figure in the financial market
Scott Bessent, 62, originally from Charleston, South Carolina, is descended from a Huguenot family and has a wealth of experience in the world of finance. Throughout his career, he has led the Key Square Group, an investment company that has been recognised by some of the world’s leading financial institutions. In the early stages of his career, Bessent worked for the investment fund of George Soros, a figure who is controversial in US political circles.
This fact has already come under scrutiny, as Bessent, despite his previous ties to investor and philanthropist George Soros, was one of the first financial marketers to endorse Trump’s candidacy. In addition, he is a well-known supporter of traditional values and an active critic of liberal economic policies.
Financial stability and the fight against US debt
One of the key missions that Trump has set for Bessent is to restore financial stability to the United States. Bessent has extensive experience in managing large assets and international financial risks, which will be an important advantage in dealing with the country’s record public debt.
Bessent has repeatedly expressed concern over the economic situation in the US, in particular over the rising national debt and high inflation. He has also warned of negative consequences for the economy if Kamala Harris wins the presidential election, stressing that her view of economic policy is “unsatisfactory”.
Scott Bessent: financier and strategist in the service of Trump
A highly skilled professional, Bessent is known for his strategic approach to financial matters and international relations. He also emphasises the importance of implementing Trump’s agenda, which includes tax cuts and higher tariffs on imported goods. According to Bessent, these are the steps that will strengthen the economy and ensure the dollar’s sustainability as the world’s major currency.
Speaking on the show, Bessent noted that working with Trump is extremely convenient: “There is no need to propose new ideas, because all the president’s decisions are clear and effective,” he said, comparing Trump to other politicians, including Kamala Harris, whom he described as “untrained in economic issues”.
Trump and Bessent: the beginning of a new economic phase for the US
“Together, we can usher in a new golden age in America,” Trump said, speaking about his future plans with Bessent. “He will help strengthen our economy, make the United States a centre of innovation, investment and entrepreneurship,” the president added. Bessent aims not only to stabilise the country’s finances but also to ensure the dollar’s supremacy in the global economy.
This appointment marks a new stage in US financial policy and underscores Trump’s commitment to attracting the best people to solve the country’s economic problems. Scott Bessent’s experience and strategic thinking will help the US become even stronger in the global financial and economic context in the future.
