"Trump Nominates Bessent, Founder Of Hedge Fund Company As Second Treasury Secretary"

U.S. President-elect Donald Trump has decided to nominate hedge fund "Key Square Group" founder Scott Bessent as the nominee for Treasury secretary to oversee economic policy in the second administration, U.S. media reported.

U.S. media, including the Wall Street Journal (WSJ), Bloomberg News, CNN, and the Washington Post (WP), cited sources from Trump's side on the 22nd local time.

Bessent has argued for extending the Trump administration's tax cut policy, establishing an edge in the U.S. energy industry, and addressing the fiscal deficit.