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What to know about Scott Bessent, Trump's new Treasury secretary

Scott Bessent, a former Soros Fund Management executive, has been named as a potential Treasury Secretary in a future Donald Trump administration. Bessent, who once managed George Soros's Quantum Fund, has since become a vocal critic of Soros, particularly regarding his political influence. He founded Key Square Group, a macro hedge fund, and has been involved in economic policy discussions, notably criticizing the Federal Reserve's actions. Bessent has expressed support for Trump's economic policies, including tax cuts and deregulation, and has suggested that Trump's policies could lead to a significant economic boom if re-elected. His appointment would signal a shift towards more traditional Republican economic policies, focusing on reducing regulations and promoting economic growth through tax incentives.

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[ https://www.msn.com/en-us/politics/government/what-to-know-about-scott-bessent-trump-s-new-treasury-secretary/ar-AA1uAODH ]