“President-elect Donald Trump will name hedge fund mogul Scott Bessent as the next Treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. Bessent “got the thumbs up” late Thursday during a meeting with Trump, 78, at his Mar-a-Lago resort in Palm Beach, Fla., one source close to the situation told The Post. A flurry of last-minute media reports had floated several candidates for the job. Late Thursday, the Wall Street Journal reportedthat financier Kevin Warsh had met with Trump on Wednesday about the Treasury post — and possibly replacing Jerome Powell as Fed chairman when his term expires in 2026.” https://nypost.com/2024/11/22/business/donald-trump-taps-scott-bessent-as-treasury-secretary/
"Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary."