💨 Abstract

Scott Bessent, Trump's Treasury secretary pick, testified in a Senate Finance Committee hearing that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and he's ready to impose tougher sanctions on Russia's oil sector. Bessent urged extending Trump's 2017 tax cuts to avoid a $4 trillion tax hike and stressed the need for increased U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖