8min chapter

Bloomberg Businessweek cover image

Morgan Stanley Wealth Shift, Markets Momentum

Bloomberg Businessweek

CHAPTER

Scott Bessent: Rise to Treasury Secretary

This chapter examines the unexpected ascent of Scott Bessent from hedge fund manager to a potential Treasury Secretary under Donald Trump, emphasizing his political maneuvers influenced by Steve Bannon. It highlights Bessent's ability to navigate the tensions between MAGA populism and Wall Street interests, while managing complex dynamics within the Trump administration. The discussion reflects on his unique qualifications and the challenges he would face in balancing various political demands and economic policies.

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