Key Takeaways Scott Bessent, Donald Trump's pick for Treasury Secretary, was an economic advisor during his campaign and championed an agenda of tariffs, lower taxes, and deregulation.Bessent is a hedge fund manager who previously worked for liberal billionaire George Soros.

The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

It was Scott Bessent’s job to lose—and he almost did.But after two weeks of uncertainty, Donald Trump selected Bessent, a longtime investor, as his next Treasury secretary. The pick capped a drawn-out,