‘Huge relief.’ CEOs exhale after Trump taps Scott Bessent to lead Treasury
CNN
Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures.
Business leaders say they are relieved President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures. Bessent’s pedigree as a global investor who has worked with legendary money managers, and his history of supporting both Republicans and Democrats, have eased the worries of business leaders. “There’s huge relief,” said Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Institute. “Bessent is reasonable and pragmatic.” JPMorgan Chase CEO Jamie Dimon, one of the most powerful executives on Wall Street, is a fan, too. Dimon thinks very highly of Bessent and believes he’s an excellent choice, a source close to Dimon told CNN on Sunday. Bessent, 62, has worked with some of the most renowned investors in the world, including Jim Rogers, Jim Chanos, Stanley Druckenmiller and George Soros.
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