Washington | Donald Trump chose hedge fund manager and cryptocurrency enthusiast Scott Bessent to be his US Treasury secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term.
Mr Bessent, chief executive of Key Square Group, won the top job after the president-elect overlooked advice from influential billionaire Elon Musk, who publicly supported an alternative candidate. The move is likely to reassure markets after Trump made a series of controversial picks for other plum cabinet posts.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
