President-elect Donald Trump has nominated hedge fund manager Scott Bessent as his Treasury Secretary, planning to extend tax cuts and tackle the national debt. Alongside Russell Vought as OMB director, Trump's selections reflect a mix of financial expertise and economic populism. Bessent aims to address inflation while managing relations with the Federal Reserve. His prior support for tariffs, particularly on China, aligns with Trump's aggressive trade policies. The selection also indicates a focus on securing bipartisan support amidst a complex economic agenda, as Trump seeks to unify his cabinet to address pressing fiscal challenges.