Loading...
Market
What will be the primary focus of U.S. economic policy in 2025 under Scott Bessent?
2
Resolution / Starting Odds
Supply chain security • 25%
Sanctions deployment • 25%
Productive investments • 25%
Tax policy changes • 25%
Official U.S. government economic policy announcements or credible economic analyses
Story
Trump's Treasury Nominee Bessent to Highlight Dollar's Reserve Status and New Economic Golden Age
Jan 16, 2025, 03:15 AM
Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, is set to appear before the Senate Finance Committee for his confirmation hearing on January 16, 2025. In his prepared remarks, Bessent emphasizes the importance of maintaining the U.S. dollar as the world's reserve currency, highlighting its critical role in the U.S. economy. He outlines his vision for a 'new economic golden age' under Trump's administration, focusing on securing supply chains vulnerable to strategic competitors, deploying sanctions carefully, and prioritizing productive investments over wasteful spending. Bessent advocates for making permanent the 2017 Tax Cuts and Jobs Act to avoid what he describes as the largest tax increase in history, a $4 trillion tax hike. His confirmation is expected to be relatively smooth, despite potential questions from Democrats on his economic policies, personal finances, and potential conflicts of interest.
View original story
Similar markets
Implementing tax cuts • 25%
Strategic tariffs • 25%
Reducing federal debt • 25%
Reining in budget deficit • 25%
Increased sanctions • 25%
Tax cuts for manufacturers • 25%
New tariffs introduced • 25%
No major changes • 25%
Cryptocurrency regulations • 25%
Financial market reforms • 25%
Other • 25%
Trade agreements • 25%
Sanctions strategy • 25%
Other • 25%
Investment incentives • 25%
Supply chain security • 25%
Other economic policies • 25%
Tax cuts • 25%
Deregulation • 25%
Cryptocurrency adoption • 25%
Financial regulation • 25%
Digital currency policy • 25%
Tax reform • 25%
Other • 25%
Financial Deregulation • 25%
Tax Reform • 25%
Cryptocurrency Regulation • 25%
Trade Policy • 25%
Improved relations • 25%
No significant change • 25%
Other outcomes • 25%
Worsened relations • 25%
No significant change • 25%
Strengthened significantly • 25%
Slight changes • 25%
Weakened significantly • 25%
Decrease • 25%
Increase by 1-3% • 25%
No significant change • 25%
Increase by more than 3% • 25%
Other outcomes • 25%
Inflation decreases • 25%
Inflation remains stable • 25%
Inflation increases • 25%
Infrastructure spending • 25%
Inflation control • 25%
Trade and tariffs • 25%
Tax reforms • 25%