Trump has new 'front runner' for key admin role — with promotion already in mind: report
1 month ago

Trump has new 'front runner' for key admin role — with promotion already in mind: report

Raw Story  

President-elect Donald Trump is reportedly considering a former investment banker who served on the Federal Reserve Board for his Treasury secretary — with plans to possibly later select him to lead the Federal Reserve once Jerome Powell’s term as chair ends in 2026. Additionally, Trump is weighing investor Scott Bessent to head the National Economic Council, with plans to then move him to Treasury secretary once Warsh takes the helm at the Fed. Trump’s mercantilist rhetoric may prove more than a negotiating tactic, auguring new tariff and trade restrictions the world over,” Warsh wrote in a 2018 op-ed in the Journal. “Economic isolationism would do great harm to our economic growth prospects.” Warsh was a Federal Reserve board member from 2006 to 2011, which included the Great Recession.

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History of this topic

Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ
1 week, 2 days ago

Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ

Raw Story  

CEO's and business execs hoping to dissuade Donald Trump from enacting what they and many economists believe will be ruinous tariffs are finding he won't budge and that has them scrambling to find a way to get through to him. As the Journal's Brian Schwartz wrote, "Trump isn’t budging" before adding, "So far, executives are facing setbacks as they canvass …

Trump’s tariff message: I’m in charge of the economic agenda
3 weeks, 6 days ago

Trump’s tariff message: I’m in charge of the economic agenda

Live Mint  

When President-elect Donald Trump said he would nominate the hedge-fund manager Scott Bessent as his Treasury secretary Friday, much of Wall Street and corporate America breathed a sigh of relief. My goal for his administration would be to save international trade and not end up looking like…turn-of-the-century tariffs," Bessent said But Bessent found himself competing for the Treasury post with …

Trump wastes no time in reigniting trade wars
Trending News
3 weeks, 6 days ago

Trump wastes no time in reigniting trade wars

Live Mint  

Donald Trump has fired the first shot. Scott Bessent, a former hedge-fund manager who Mr Trump nominated to be treasury secretary on November 22nd, had suggested that Mr Trump’s tariffs could be used as an opening gambit. There is plenty of uncertainty about Mr Trump’s latest salvo, not least whether he would actually be able to implement the tariffs on …

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.
Trending News
1 month ago

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.

Huff Post  

LOADING ERROR LOADING WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. …

Trump move shows 'limit to influence' of one of his 'strongest political allies': report
1 month ago

Trump move shows 'limit to influence' of one of his 'strongest political allies': report

Raw Story  

One of Donald Trump's latest actions shows that one of his closest allies doesn't have the influence over the president-elect that some thought, according to a new report. John L. Dorman, a senior politics reporter at Business Insider, wrote on Saturday that Musk "has become one of Donald Trump's strongest political allies." Last Saturday, however, before Trump decided, Musk shared …

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
1 month ago

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

Associated Press  

WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. Trump’s decision on …

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary
1 month ago

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary

Firstpost  

President-elect Donald Trump has tapped hedge-fund investor Scott Bessent to be his Treasury Secretary. Janet Yellen, who is the current treasury secretary and the first woman to take the job, has chaired the Federal Reserve and was part of the White House Council of Economic Advisers in the past. As the 79th US treasury secretary, Bessent is responsible for maintaining …

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider
1 month ago

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider

Raw Story  

President-elect Donald Trump has offered hedge fund executive Scott Bessent to head the Treasury Department, CNN reported. The reporting on Trump’s transition team came Friday afternoon days after the incoming president named Wall Street executive Howard Lutnick as Commerce secretary. “I think he’s got the right skill set and experience to do the job,” longtime GOP strategist Scott Jennings said …

Treasury Candidate Factions Vie to Win Over an Undecided Trump
1 month ago

Treasury Candidate Factions Vie to Win Over an Undecided Trump

Live Mint  

Presiden-elect Donald Trump’s uncertainty about his slate of Treasury secretary candidates has led to rival factions once again trying to win his favor. Warsh has been involved in transition efforts run out of Trump’s Mar-a-Lago club in Palm Beach since Election Day, largely helping develop economic policy plans. Since Election Day, Bessent has met with Trump multiple times and at …

Trump nominates Wall Street investor Scott Bessent as treasury secretary
1 month ago

Trump nominates Wall Street investor Scott Bessent as treasury secretary

NPR  

Trump nominates Wall Street investor Scott Bessent as treasury secretary toggle caption DOMINIC GWINN/Middle East Images/AFP via Getty Scott Bessent, the little-known Wall Street investor who became one of President-elect Donald Trump's top economic advisers, has been nominated to be the next treasury secretary in Trump's new administration. "Mr. Trump has a mandate to reprivatize the U.S. economy through deregulation …

Trump chooses billionaire and key transition advisor Howard Lutnick for Commerce Secretary
1 month ago

Trump chooses billionaire and key transition advisor Howard Lutnick for Commerce Secretary

The Hindu  

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Mr. Trump's plans to raise and enforce tariffs. Mr. Lutnick is a co-chair of Mr. Trump's transition team, along with Linda McMahon, the …

What to know about Howard Lutnick, Trump’s pick for commerce secretary
1 month ago

What to know about Howard Lutnick, Trump’s pick for commerce secretary

Associated Press  

WASHINGTON — President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary. He was Elon Musk’s pick to lead the Treasury Department Elon Musk and others in Trump’s orbit called on Trump last week to dump previous front-runner for treasury secretary, Scott Bessent, in favor of …

Trump picks billionaire Wall Street CEO Howard Lutnick as commerce secretary
1 month ago

Trump picks billionaire Wall Street CEO Howard Lutnick as commerce secretary

Hindustan Times  

President-elect Donald Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, gestures as he speaks during a rally for Republican …

Live updates: Trump presidential transition news
54 years, 11 months ago

Live updates: Trump presidential transition news

CNN  

In the nearly two weeks since he won the election, President-elect Donald Trump has been on the hunt for a Treasury secretary without much luck. Trump is expected to interview Kevin Warsh, a former Federal Reserve governor who was once considered for the Federal Reserve chair during Trump’s first term. Now, Trump is considering Warsh alongside several other names, including …

Trump expands pool of possible Treasury picks as top candidates jockey for the job
1 month, 1 week ago

Trump expands pool of possible Treasury picks as top candidates jockey for the job

CNN  

CNN — President-elect Donald Trump is casting a wider net for Treasury secretary after jockeying among his top two candidates sent him looking for an alternative solution, according to multiple people familiar with the process. Trump is now considering Kevin Warsh, a former investment banker and former Federal Reserve governor whom Trump has often consulted for economic advice, and Marc …

"Knife fight": As contenders battle, Trump still debating who will lead the Treasury Department
1 month, 1 week ago

"Knife fight": As contenders battle, Trump still debating who will lead the Treasury Department

Salon  

After wasting no time in naming a number of right-wing loyalists to his cabinet, President-elect Donald Trump is still debating who will be his Treasury Secretary, The New York Times reported Sunday. Trump was originally expected to pick either Wall Street mogul Howard Lutnick or hedge fund manager Scott Bessent, but is now reportedly having second thoughts. Several other candidates …

Elon Musk wants Trump to disrupt Wall Street with Treasury pick
1 month, 1 week ago

Elon Musk wants Trump to disrupt Wall Street with Treasury pick

CNN  

CNN — As Donald Trump privately considers his team to lead America’s economy during his term, Elon Musk has put his thumb on the scale, urging followers on X to help make a public push for a candidate who won’t be “business as usual” on Wall Street. “Business-as-usual is driving America bankrupt, so we need change one way or another.” …

Donald Trump's second term: Who's in the running for top administration jobs?
1 month, 2 weeks ago

Donald Trump's second term: Who's in the running for top administration jobs?

India Today  

Donald Trump will begin the process of choosing a cabinet and selecting other high-ranking administration officials in the coming weeks following his presidential election victory. LARRY KUDLOW, POTENTIAL TREASURY SECRETARY FOX Business Network personality Larry Kudlow, who served as director of the National Economic Council for much of Trump's first term, has an outside shot at becoming his treasury secretary …

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