Key Takeaways Scott Bessent, Donald Trump's pick for Treasury Secretary, was an economic advisor during his campaign and championed an agenda of tariffs, lower taxes, and deregulation.Bessent is a hedge fund manager who previously worked for liberal billionaire George Soros.

The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

If confirmed, Bessent will be tasked with implementing any tax cuts a Republican-controlled Congress may pursue.