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Trump says Haley, Pompeo will not join second administration
  + stars: | 2024-11-10 | by ( ) www.cnbc.com   time to read: +1 min
President-elect Donald Trump said on Saturday that former Republican presidential contender Nikki Haley and former Secretary of State Mike Pompeo will not be asked to join his administration. "I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation," Trump posted on social media. Trump is meeting with potential candidates to serve in his administration before his Jan. 20 inauguration as president. Reuters reported Friday that Trump met with prominent investor Scott Bessent, who is a potential U.S. Treasury Secretary nominee. "I was proud to work with President Trump defending America at the United Nations," Haley said on social media.
Persons: Donald Trump, Nikki Haley, Mike Pompeo, Trump, Scott Bessent, Haley Organizations: Palm Beach Convention, Republican, Trump Administration, Reuters, Treasury, United Nations, Trump, America Locations: Palm Beach, West Palm Beach , Florida, South Carolina, America
WASHINGTON — As a candidate, Donald Trump promised to relieve consumers of high interest rates. Trump repeatedly said during the campaign that he would bring down interest rates without elaborating on how. He has suggested the president should have a say in determining rates set by the Federal Reserve and publicly berated the central bank and its chairman, Jerome Powell, for not lowering rates sooner. Trump has no direct control over the interest rates set by the Federal Reserve, which is determined by a committee that includes seven members appointed to 14-year terms along with five regional Reserve Bank presidents. “There aren’t a lot of policies that the president has at his disposal that can really lower rates,” said McLaughlin.
Persons: Donald Trump, Trump, Jerome Powell, , Kent Smetters, , isn’t, Ralph McLaughlin, McLaughlin, Powell, Xi Jinping, ” Powell, he’s, ” Trump, reappoint Powell, Scott Bessent, Barron’s, Bessent Organizations: WASHINGTON, Federal Reserve, United, University of Pennsylvania Wharton School, Federal, Realtor.com, Reserve Bank, Fed’s, Governors, Twitter, Trump, Chicago Economic, Senate, Republicans, Fed Locations: United States, America, U.S, China
The Wall Streeters whispering in Trump's ear
  + stars: | 2024-11-08 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +1 min
Trump's transition team is turning to Wall Street titans for advice on key economic appointments. Howard Lutnick, transition team co-chair and bank CEO, is turning to friends for advice. Wall Street is eager to have its opinion heard. AdvertisementTrump's transition team did not respond to Business Insider's request for comment. Here are some of the key players with Wall Street connections now offering advice to the Trump administration:
Persons: Howard Lutnick, Scott Bessent, Gary Cohn, John Paulson, , Donald Trump, Cantor Fitzgerald, Lutnick, Trump Organizations: Wall Street titans, Service, Wall Street, Wall Locations: New York
Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to. Asked whether he would step down amid chatter that Trump's advisors had suggested he do so, Powell replied, "No." Trump himself nominated Powell as Federal Reserve chairman in 2017 in his first administration. Powell made the comments during his regularly scheduled remarks following the release of the Federal Open Market Committee's latest statement on interest rate policy. Representatives for Trump did not immediately respond to a request for comment.
Persons: Jay Powell, Donald Trump, Powell, Trump, readying, ” Trump, Scott Bessent, Kevin Warsh Organizations: Federal, Trump, Bloomberg, Chicago Economic, Reuters, CNN, NBC News, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Key Square Group CEO Scott BessentScott Bessent, Key Square Group founder and CEO, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, future of government spending, the Fed's independence, and more.
Persons: Scott Bessent Scott Bessent, Donald Trump's Organizations: Key Square, Key Square Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailScott Bessent on possible Treasury secretary role: I'm going to do whatever Donald Trump asksScott Bessent, Key Square Group founder and CEO, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, future of government spending, the Fed's independence, and more.
Persons: Scott Bessent, Donald Trump, Donald Trump's Organizations: Key Square Group
The West WingOne of Trump’s most important picks will be his White House chief of staff. Karoline Leavitt, who was Trump’s campaign spokeswoman, is being considered as White House press secretary – a job that typically is the most public-facing position in the White House. National security postsTrump has suggested his national security team would be tasked with reassessing the United States’ posture toward Ukraine and Russia, China, Iran, and the simmering conflict in the Middle East. The debate over a renewed Trump’s “America First” agenda is expected to pit Republican national security hawks against the party’s isolationist wing. Secretary of state and national security adviser will be among the most hard-fought positions to stand at the forefront of those shifts.
Persons: Donald Trump’s, Trump, Howard Lutnick, Linda McMahon, John McEntee, Cliff Sims, Ross Werner, Goldman Sachs, Trump’s, John Kelly, Susie Wiles, Wiles, Russ Vought, Brooke Rollins, Bob Lighthizer, Karoline Leavitt, , Musk, Robert F, Kennedy Jr, Elon Musk, helms, Kennedy, , Ken Paxton, Matt Whitaker, Jeff Sessions, Sen, Mike Lee of, of National Intelligence John Ratcliffe, Mark Paoletta, Kash Patel, Patel, Christopher Wray, James Comey, Jeffrey Jensen, Louis, Bill Barr, Jensen, Michael Flynn, Barr, Florida Sen, Marco Rubio, Tennessee Sen, Bill Hagerty, Richard Grenell, Grenell, ” Arkansas Sen, Tom Cotton, Keith Kellogg, Ratcliffe, Gina Haspel, Cotton, Mike Waltz, Mike Pompeo, Elise Stefanik, She’s, Morgan Ortagus, David Friedman, Kelly Craft, Scott Bessent, “ He’s, MAGA, he’s, Elon, Hank Paulson, George, Jay Clayton, Lighthizer, McMahon, Doug Burgum, flinch, Jamieson Greer, CNN’s Kevin Liptak, Alayna Treene, Hannah Rabinowitz, Kylie Atwood Organizations: CNN, Trump, White House, Heritage Foundation, White, Pentagon, West, America, Policy Institute, RFK Jr, SpaceX, Senate, Republicans, PAC, Department of Health, Human Services, Environmental Protection Agency, Department of Agriculture, Justice and Homeland Security, of National Intelligence, Conservative, FBI, Republican, Central Intelligence Agency, CIA, New York Republican, House GOP, United Nations, UN, State Department, Soros, Goldman, George Bush’s, Department, Chinese Communist Party, Securities and Exchange Commission, Treasury, Commerce Department . North Dakota Gov, US Trade Locations: Trump, Central Park, Texas, Mike Lee of Utah, Beach, St, United States, Ukraine, Russia, China, Iran, Florida, Tennessee, Japan, Germany, ” Arkansas, Barr, UN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is the last chance for America to grow its way out of debt problem, says Key Square Group CEOScott Bessent, Key Square Group founder and CEO, joins 'Squawk Box' to discuss how the candidates should consider working the federal budget, where the spending is coming from, and much more.
Persons: Scott Bessent Organizations: Key Square Group Locations: America
Wall Street relationshipsOne of Vance's earliest interactions with Wall Street came shortly after the November 2016 presidential election, when he headlined a lunch in New York to discuss his newly published memoir. John Underwood, a longtime managing director at Goldman Sachs, encouraged his allies to support and raise money for Vance's Senate campaign, according to people familiar with the matter. He told them the Trump campaign would need "hundreds of millions of dollars" to compete with Vice President Kamala Harris' fundraising surge. The Ohio Republican's opposition to Wall Street was on full display during the Republican National Convention in Milwaukee in July. "Wall Street barons crashed the economy and American builders went out of business," Vance said in his nomination acceptance speech.
Persons: Vance, Marco Bello, Sen, JD Vance, Donald Trump's, Scott Bessent, Morgan Stanley's Jonathan Burkan, Cantor Fitzgerald, Howard Lutnick, Norm Champ, Keith Rabois, Jacob Helberg, J.D, Champ, Sander Gerber, Gerber, Goldman Sachs, Ohio Republican Sen, Rob Portman, John Underwood, Underwood, Steve Case, Trump, Omeed Malik, Emil Henry, Henry, Bush, Ted Virtue, Woody Johnson, Clifford Sobel, Richard Kurtz, Kamala Harris, Harris, Malik, John Paulson, Reuben Jeffery III Organizations: Republican U.S, Reuters, Ohio, Trump, Vance, Securities and Exchange Commission, CNBC, Hudson, Hudson Bay Capital, Netflix, Allen & Company, Ohio Republican, Senate, AOL, Tiger Infrastructure Partners, New York Jets, Hamptons, Valor Capital, Rockefeller & Co, Wall, Republican National Convention Locations: Kenosha, Kenosha , Wisconsin, U.S, New York City, Hudson Bay, New York, Ohio, Sun Valley , Idaho, Washington, Milwaukee
There’s a story going around Wall Street that the Treasury Department is trying to help Democratic candidates in November by how it issues debt. I don’t buy it. Scott Bessent, a hedge fund manager who has raised money for Donald Trump’s campaign, told me last week that he thinks Janet Yellen, the current Treasury secretary, is an “apparatchik” for the White House whose behavior is “appalling.”Nouriel Roubini, a well-known economist who describes himself as a lifelong Democrat, isn’t as harsh as Bessent, but he told me he thinks the Treasury Department is inappropriately engaging in a kind of monetary policy, which is the purview of the Federal Reserve. “The Fed is in charge of managing the business cycle,” he said. “Treasury doesn’t have that mandate.”I’ll explain why I think Bessent, Roubini and others are barking up the wrong tree, but first I’ll lay out their argument.
Persons: Scott Bessent, Donald Trump’s, Janet Yellen, , Nouriel, isn’t Organizations: Treasury Department, Democratic, White, Department, Federal Reserve, Treasury Locations: Roubini
The Camden County Sheriff's Office hired him nine months later. His file shows Aldridge was disciplined for using unnecessary force in February 2014 and May 2017. The department fired Aldridge for his third infraction just three months later. “It's just not worth the risk.”Bessent and other advocates say it’s an example of Camden County Sheriff Jim Proctor tolerating unnecessary violence. After one car crashes, body and dash camera video shows Aldridge shouting expletives as he approaches with his gun drawn.
Persons: Buck Aldridge, Leonard Cure, Aldridge, , Timothy Bessent Sr, Neill Franklin, they’re, Franklin, “ It's, ” Bessent, Camden County Sheriff Jim Proctor, Proctor, Larry Bruce, Jarrett Hobbs, Hobbs, jailers, “ You’ve, Harry Daniels, Christine Newman, Newman, Robert Persse, Louis Dekmar, Dekmar, Mike Spiers, “ Buck Aldridge, Adrienne Browning, , Cure, That's, Thaddeus Johnson, ” Johnson, expletives, Johnson Organizations: Camden County sheriff's, The Associated Press, Sheriff's Office, Georgia Bureau of Investigation, Camden, Camden County’s NAACP, AP, U.S . Marine, Kingsland Police, Police, Maryland State Police, Baltimore Police Department, Camden County Sheriff, International Association of Chiefs, Georgia State University, Criminal Locations: Camden, Georgia, Florida, Camden County’s, Kingsland, Georgia's, Camden County, Hobbs, LaGrange , Georgia, Franklin, Memphis
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