Wall Street Waits for Trump’s Treasury Pick

Scott Bessent and Kevin Warsh emerge as top contenders, with Marc Rowan and Bill Hagerty lingering in the background.

Scott Bessent speaks at the National Conservative Conference in Washington, on July 10, 2024. Dominic Gwinn /Middle East Images/AFP via Getty Images

President-elect Donald Trump has yet to make his decision for Treasury secretary. Wall Street is still waiting for the official announcement as market watchers speculate who could be chosen for the high-level position.

Scott Bessent, a billionaire financier, and Kevin Warsh, a former Federal Reserve Board member, are the heavy favorites to lead the Treasury Department.