The new Treasury secretary has the kind of financial market pedigree to run the department that Washington has seen countless times before, and is often used to project assurance.
In just two weeks as US Treasury chief, Scott Bessent has seen plenty of turbulence. The department became a target of Elon Musk’s crackdown on federal spending — triggering protests outside Bessent’s office — and investors are on edge over President Donald Trump’s unpredictable trade policies.
Yet in an interview with Bloomberg TV on Thursday, Bessent sought to telegraph a sense of normalcy — and of an administration that’s methodically pursuing its economic goals, including lower taxes and spending, and more balanced trade.
