close
close

Trump’s potential Treasury pick provides vision for economy: prepare for ‘golden age’

Trump’s potential Treasury pick provides vision for economy: prepare for ‘golden age’

Although he previously made a name for himself on Wall Street working for billionaire Democrat mega-donor George Soros, Key Square Capital Management CEO and founder Scott Bessent is poised to help newly elected President Donald Trump move the U.S. economy toward “a golden century’.

“Everyone asks me: What do you tell President Trump to do? I don’t need to tell Donald Trump to do anything. He did it. We had a great economy under Trump 1.0,” Bessent said Thursday. on “Fox & Friends.”

“I think under Donald Trump,” he continued, “we can have a golden age in the next four years.”

On Tuesday, billionaire investor John Paulson announced he would withdraw from the fight for Trump’s Treasury secretary nomination, putting the focus squarely on Bessent and Cantor Fitzgerald CEO and transition co-chair Howard Lutnick.

THERE IS ONLY ONE WAY TRUMP CAN RESOLVE POWELL’S CONTRADICTION AT THE FED

The Wall Street Journal has reported that Lutnick and his allies are having a difficult time getting him picked, with Lutnick reportedly approaching Trump directly to express his interest.

Donald Trump and Scott Bessent

Scott Bessent, founder and CEO of Key Square Capital Management, could soon become Trump’s next president. (Getty Images / Photo illustration)

But Bessent said Thursday that “it’s all President Trump’s decision. He made great decisions during the campaign,” and that he wants to join the 47th president. in stimulating productionenergy dominance and technological progress.

“We will have peace, and we will have a technology boom. I mean, think about the coalition that Donald Trump has put together. This was the greatest political comeback in history,” Bessent noted.

“And it was a combination of working-class Americans and Elon Musk, the richest person in the world. Who else could do that but Donald Trump?”

During the campaign cycle, Bessent was also one of Trump’s biggest backers — donating an estimated $3 million — and an advocate for tax reform and deregulation, especially to spur more bank lending and domestic energy production.

The Key Square Capital patriarch currently manages nearly $600 million in assets under his hedge fund. He is a native of South Carolina and a 1984 graduate of Yale University who worked for the Soros Fund from 1991 to 2000 and was head of the firm’s European allocation until his departure.

He returned to Soros as the fund’s chief investment officer from 2011 to 2015, before leaving again to lead Key Capital Square with a $2 billion investment. from Soros himself.

“I grew up in a fishing town, on a small river, South Carolina,” he told Fox News’ Brian Kilmeade. “Our family had some economic problems when I was younger. I got my first job when I was nine. I had three jobs to get through Yale.”

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

“And when I came to Wall Street, all I knew was that something bad had happened in 1929. And I’ve had a great career,” Bessent reflected. “And the opportunity to be able to give back to the country would be incredible.”

“I will tell you that, as your colleague upstairs, Maria Bartiromo says,” Bessent further emphasized, “Donald Trump is the most economically advanced leader we have ever met. And Maria and I met many leaders. .”