Big Take How Scott Bessent Made His Way Into Trump’s Inner Circle
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Jan 16, 2025 
Saleha Mohsin, a Senior Washington correspondent for Bloomberg News and host of The Big Take DC, dives into Scott Bessent's surprising rise to Trump's Treasury Secretary nominee. She discusses Bessent's balancing act between MAGA supporters and Wall Street's expectations. The conversation highlights the complexities of his role, especially in a politically volatile environment. They explore the implications of his unconventional governance and communication style on U.S. economic policy and national security.
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Bessent's Path to Trump
- Scott Bessent, initially an Al Gore supporter, donated to Trump's inaugural committee.
- He later connected with Steve Bannon, forging ties with Trump's circle and providing economic policy advice.
Balancing Act
- Bessent has gained both Trump's and Wall Street's confidence.
- His Wall Street background reassures markets despite potential erratic policy.
Non-Traditional Background
- Unlike most Wall Street Treasury Secretaries, Bessent doesn't hail from Goldman Sachs.
- His experience with George Soros, including shorting the pound, demonstrates market savvy.