Bessent Tries to Unite MAGA Economics, Traditional Conservative Policies -- WSJ

Dow Jones

Apr 14, 2025

Treasury Secretary Scott Bessent, a former hedge-fund manager, is trying to execute one of the highest-stakes gambles in modern political and economic history.

He has the thorny task of knitting together MAGA's populist brand of economics with the more-traditional conservative policies he has championed after years in the world of high finance-debt reduction, tax cuts, deregulation and the like.

If President Trump's trade strategy sparks a painful economic downturn, Bessent will share the blame with his boss.

For now, Bessent's status in the administration is on the rise. One senior official described him as an "adult in the room," saying he has gained favor with the president.

Read more about Bessent's road to the Trump administration and why he's Wall Street's best hope of ending the White House's global trade war:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 13, 2025 13:37 ET (17:37 GMT)

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