Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.

The markets will be listening intently today to testimony by Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.Elizabeth Frantz/ReutersA test for Trump’s cabinet pick

For businesses and markets, perhaps the most important of the hearings for the incoming Trump administration’s Cabinet picks starts on Thursday at 10:30 a.m. Eastern.

Scott Bessent, President-elect Donald Trump’s choice for Treasury secretary, will likely be confirmed by the Senate. But the billionaire hedge fund manager is still expected to face tough questions about his boss’s economic agenda, which has the potential to drastically disrupt global economies and trade.

“We can usher in a new, more balanced era of prosperity and rebuild communities and families across the country,” Bessent

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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