With Scott Bessent, consumers eyeing prices and interest rates are getting a Treasury secretary pick who is deeply aware of the big-picture forces pushing and pulling those everyday costs, experts say.

In the second MAGA Administration, the hedge-fund manager Scott Bessent will have the job of acting as a voice of reason.

Donald Trump on Friday said he would nominate Scott Bessent to be the 79th U.S. Treasury secretary and frontman for the president-elect's aggressive economic policies, a slate that financial markets already anticipate will add to economic growth in the near term but also rekindle inflation.