Following his selection as the US Treasury Secretary, Scott Bessent said in his first interview with the Wall Street Journal (WSJ) that making President-elect Donal Trump’s first-term tax cuts permanent.
Additional quotes
“Eliminating taxes on tips, social security benefits and overtime pay.”
“Enacting tariffs and cutting spending will also be a focus, as will maintaining the status of the dollar as the world’s reserve currency.”
Market reaction
The US Dollar Index maintains its downside consolidative mode following these comments, losing 0.58% on the day to trade just below 107.00.
Source: https://www.fxstreet.com/news/us-bessent-policy-priority-will-be-to-deliver-on-trumps-various-tax-cut-pledges-202411250459