A hedge-fund titan who worked for George Soros. A deep-rooted Southerner with a fondness for high-end real estate. A gay man, married with children. Who is Scott Bessent?

If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.

Hedge fund manager Scott Bessent is an odd pick for Donald Trump’s Treasury secretary, but he is seen as the more reasonable and pragmatic of the candidates

President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, has said Federal Reserve Chair Jerome Powell will be allowed to finish his term.

Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank. “[Trump] said on Sunday,

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"As the President said on Sunday, and I'm in complete agreement with him, that Jay Powell will serve out his term," Bessent told CNBC after a Tuesday meeting with Sen. Mike Crapo of Idaho. Bessent's comments come amid mounting speculation around the fate of Powell following Trump's victory in the presidential race last month.