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US: Bessent Favouite For Treasury Sec, With Trump Announcement "Imminent"

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Hedge fund manager Scott Bessent is again the favourite to take the nomination to serve as US President-elect Donald Trump's Treasury Secretary with the selection made and an announcement expected "imminently," according to Charles Gasparino at Fox Business.  

  • Bessent was a strong frontrunner early in the race, but fell away amid reports of acrimony between Bessent and Trump's transition team. According to Polymarket, Bessent has surged to just under 50% implied probability of taking the nomination, ahead of Apollo Global Management executive Marc Rowan (27%) and former Federal Reserve Governor Kevin Warsh (18%).
  • Bloomberg reported this morning: “Those close to the process underscored that a choice could be announced at any minute. But already, the extended deliberation highlights its importance to Trump’s economic agenda, and his exacting-and-yet-at-times-contradictory requirements for the role.”
  • The announcement is likely to come on Trump's Truth Social page here. 
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Hedge fund manager Scott Bessent is again the favourite to take the nomination to serve as US President-elect Donald Trump's Treasury Secretary with the selection made and an announcement expected "imminently," according to Charles Gasparino at Fox Business.  

  • Bessent was a strong frontrunner early in the race, but fell away amid reports of acrimony between Bessent and Trump's transition team. According to Polymarket, Bessent has surged to just under 50% implied probability of taking the nomination, ahead of Apollo Global Management executive Marc Rowan (27%) and former Federal Reserve Governor Kevin Warsh (18%).
  • Bloomberg reported this morning: “Those close to the process underscored that a choice could be announced at any minute. But already, the extended deliberation highlights its importance to Trump’s economic agenda, and his exacting-and-yet-at-times-contradictory requirements for the role.”
  • The announcement is likely to come on Trump's Truth Social page here.