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Wall Street’s ‘sigh of relief’ over Trump’s Treasury pick

FT News Briefing

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Wall Street's Optimism Over New Treasury Secretary

This chapter examines Wall Street's positive reaction to Scott Bessent's appointment as Treasury Secretary, emphasizing the relief in financial markets. It highlights Bessent's background in hedge fund management, his economic policy views, and the challenges he faces in maintaining U.S. economic stability amidst policy shifts.

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