President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic,

President-elect Donald Trump has picked Scott Bessent, a hedge fund manager and major Trump fundraiser, to be his next Treasury secretary, people familiar with the decision said. Bessent, who has been among Trump’s biggest allies on Wall Street,

Bessent spotted what he called an anomaly in the market: that political and market analysts were too negative on what a Trump victory would mean, according to a letter to clients in January seen by Reuters.