Scott Bessent, the president-elect’s pick for Treasury secretary, on Thursday said he sees the opportunity for a new economic “golden age.” “I believe that President Trump has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth and prosperity for all Americans,” he told the Senate Finance Committee during his confirmation hearing. Mr. Bessent, a hedge fund manager and donor, said the Treasury Department would work to secure supply chains, carefully deploy sanctions to address national security needs and ensure the U.S. dollar remains the world’s reserve currency. He also said the department would have a role in addressing inflation and the housing shortage while making the American Dream more attainable for everyday Americans. The nominee, who was a partner at Soros Management Fund before founding Key Square Group, said the Trump administration would seek to curb discretionary spending and make permanent the 2017 Tax Cuts and Jobs Act, which is set to expire at the end of the year. “As President Trump has said, we will unleash the American economy by implement pro-growth regulatory policies, reducing taxes and unleashing American energy production,” he told senators. “The breadth and depth of our capital markets along with predictable, pro-growth tax policy and smart updated regulation will continue to make America the most popular destination a world for starting, growing and taking public a business.” Watch more at c-span.org
#treasury #scottbessent #senate #cspan