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.

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury Secretary, with markets buoyed by comments on tariffs.

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