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International Business Times

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Beiyi SEOW

THE TRUTH ABOUT: Scott bessent a credible safe pick for treasury experts - The Untold Story

Scott Bessent Donald Trump US Treasury David Wessel Howard Lutnick Jason Furman Krishna Guha United States

Experts describe Scott Bessent as a credible, safe pick for US Treasury secretary (Credit: AFP)

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

His selection came after competition for the top economic job spilled into the open last weekend, with the world's richest man Elon Musk throwing his support instead behind Trump's transition team co-chair Howard Lutnick.

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