MARKET RISK

Donald Trump’s US economy chief is bringing the Maga movement to the Treasury department

From the sofa in his office overlooking the White House, Scott Bessent, Donald Trump’s Treasury secretary, summed up how he approaches the job. “We want the most America-first policies that are possible, without incurring market wrath,” said the 63-year-old hedge fund manager from South Carolina who now runs the cabinet agency responsible for the world’s largest economy and most important debt market.