BlockBeats News, November 15th - Scott Bessent, Founder of Key Square Group LP and a leading candidate for the position of Treasury Secretary in the Trump administration, praised Trump's economic agenda as the competition for cabinet members intensifies. Bessent believes that Trump's economic agenda will promote economic growth in various sectors. Scott Bessent stated, "In the Trump 1.0 era, we had a great economy. Under Trump's leadership, we can usher in a golden age in the next four years. We can revitalize manufacturing, achieve energy dominance, have peace, and embrace technological prosperity."
Recently, the competition for Trump's second-term Treasury Secretary has come into the public eye, with potential candidates including Howard Lutnick, CEO of Cantor Fitzgerald LP, former U.S. Trade Representative Robert Lighthizer, and former SEC Chairman Jay Clayton.
Bessent, as a key supporter of Trump during the campaign, has received support from a wide range of leaders in the Trump alliance, including long-time allies Steve Bannon and Ralph Reed. According to sources, Lutnick is also vying for the position, being selected by Trump as a co-chair of the transition team. Lutnick is opposing Bessent, alleging that the hedge fund manager has been soft on key protectionist promises, including tariff issues. The nomination for Treasury Secretary could be announced as early as this week.