Reported 3 days ago
President-elect Donald Trump is considering candidates for Treasury Secretary, including Scott Bessent, Howard Lutnick, and Senator Bill Hagerty. While Bessent initially seemed like the frontrunner, recent developments suggest Lutnick may be gaining traction due to Elon Musk's endorsement. Experts believe the choice will significantly impact market sentiment, with Bessent viewed as a stabilizing figure and Lutnick potentially favoring more aggressive tariff policies. The final nominee is expected to be confirmed soon, but the broader economic direction will remain strongly influenced by Trump's preferences.
Source: YAHOO