Scott Bessent, nominated by U.S. President-elect Donald Trump to lead the Treasury Department, addressed his vision for the nation’s economic future on Wednesday. In his prepared remarks, Bessent emphasized his commitment to maintaining the U.S. dollar as the global reserve currency while outlining a strategy for what he termed a “new economic golden age.”
Bessent, set to appear before the U.S. Senate Finance Committee on Thursday, stressed the importance of prioritizing productive investments that would foster long-term economic growth rather than relying on “wasteful spending” that could fuel inflation.
He also underscored the need to bolster vulnerable supply chains, address national security concerns through strategic sanctions, and adopt a comprehensive government approach to safeguard the nation’s interests.
In his final remarks, Bessent reiterated the critical necessity of preserving the dollar’s dominant role in global finance, stating
Related topics:
