Sources familiar with the process told The Hill that a pick for Treasury is on track to be sorted out by this week.
Apollo Global Management co-founder Marc Rowan and Kevin Warsh, a former member of the Federal Reserve Board of Governors, have emerged as front-runners, as well as Key Square Group founder Scott Bessent.
“The single greatest choice that Trump could make in the Cabinet to affect his economic agenda is the Treasury secretary,” said a person with knowledge of discussions. “The Treasury secretary by statute has the greatest authority over tariffs and tariff policy in general.”
“The Trump folks know that this pick is key to his economic agenda.”
The post is Trump’s most important Cabinet pick left. Trump’s economic team will be tasked with imposing an aggressive tariff regime meant to shake up global trade while keeping financial markets calm amid the disruption.
The president-elect ran on the notion of turning the economy around, a campaign promise that resonated with voters tired of inflation. Trump also wants to extend the 2017 tax cuts set to expire next year.
But most notably, Trump has proposed a general tariff of 10 to 20 percent on all imported goods in order to pull investment into the U.S. and bolster domestic industry. That’s a significant escalation of his first-term trade policies.
The Hill's Alex Gangitano has more here.
