On Friday Donald Trump announced hedge fund manager Scott Bessent as his treasury secretary nominee, which if confirmed by Congress would give him one of the most powerful offices within the incoming administration.

President-elect Donald Trump will nominate Scott Bessent to be his Treasury secretary, offering the hedge fund manager and major campaign fundraiser the preeminent economic post in his administration.

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.