What does America’s next treasury secretary believe?
We take a look at the leading contenders for the job
TO HEAR DONALD Trump’s transition team describe it, everyone wants to work for him. Howard Lutnick, the boss of Cantor Fitzgerald, an investment firm, and a co-head of the recruitment crew, has bragged that he is in touch with “the top 150 businesspeople across the United States of America”. A vast array of names has been bandied about for all kinds of roles, including treasury secretary—from Jamie Dimon, boss of JPMorgan Chase, a bank (who has repeatedly insisted he has no interest in the job), to Jay Clayton, who ran the Securities and Exchange Commission during Mr Trump’s first term (but who is apparently angling for other things), to Steven Mnuchin (who did the job last time but does not want it back).
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This article appeared in the Finance & economics section of the print edition under the headline “Money mantras”
From the November 16th 2024 edition
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith