Reported about 7 hours ago
Wall Street analysts are cautiously optimistic about Scott Bessent's nomination as the US Treasury Secretary, highlighting his reputation as a fiscal hawk who is expected to emphasize fiscal responsibility and control spending. As head of a macro hedge fund, Bessent's approach may influence trade and fiscal policies, though some concerns remain about potential tensions with the Federal Reserve. Overall, many believe his experience and understanding of markets will benefit the economy.
Source: YAHOO