💨 Abstract

Scott Bessent, Trump's Treasury secretary nominee, vowed to preserve the dollar's status as the world's reserve currency at a Senate Finance Committee hearing. Financial markets are concerned about his plans, as they could stoke inflation and trigger a trade war. Bessent will need to present himself as a moderating influence and address concerns about tax cuts and tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖