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Bessent Outlines Economic Vision as Treasury Secretary Nominee

WASHINGTON (Reuters) – Scott Bessent, nominated by U.S. President-elect Donald Trump to lead the Treasury Department, articulated his commitment to maintaining the U.S. dollar’s status as the global reserve currency. In a significant address, he presented a vision aimed at ushering in a “new economic golden age” for the nation.

Preparing for his upcoming testimony before the U.S. Senate Finance Committee, scheduled for Thursday, Bessent outlined essential priorities for the incoming administration. He emphasized the importance of focusing on productive investments that foster economic growth, in contrast to what he described as “wasteful spending that drives inflation.”

Bessent also highlighted critical national security concerns, advocating for the securing of supply chains that may be vulnerable to adversarial forces. He articulated the necessity for a comprehensive approach to sanctions that aligns with broader government efforts to safeguard U.S. interests.

In his remarks, he underscored, “And critically, we must ensure that the U.S. dollar remains the world’s reserve currency,” reflecting a commitment to economic stability and international confidence in the U.S. financial system.

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