New York CNN —Business leaders say they are relieved President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts.
Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures.
“Bessent is reasonable and pragmatic.”JPMorgan Chase CEO Jamie Dimon, one of the most powerful executives on Wall Street, is a fan, too.
And for this key position, Trump opted to go with a pick that is not expected to draw a contentious confirmation battle.
Trump instead picked Lutnick for Commerce secretary, another key role, though not as prominent as Treasury.
Persons:
, Donald Trump, Scott Bessent, “, ”, Jeffrey Sonnenfeld, Jamie Dimon, Dimon, he’s, Jim Rogers, Jim Chanos, Stanley Druckenmiller, George Soros, Trump, Smoot, Hawley, ” Sonnenfeld, Larry Kudlow, Bessent, Biden, Kudlow, Cantor Fitzgerald, Howard Lutnick, Elon Musk, Sonnenfeld, Anthony Scaramucci, Jay Timmons, Mike Pence, ” Timmons, Timmons, Larry Summers, Clinton, CNN’s Fareed Zakaria, Summers, ” Tony Carrk, “ Scott Bessent’s
Organizations:
New, New York CNN — Business, of Treasury, Democrats, Yale Chief, Institute, JPMorgan, Wall, CNN, Federal Reserve, Congress, National Economic Council, Trump, Commerce, Treasury, Treasury Department, National Association of Manufacturers
Locations:
New York, ”, China