Bessent Will Be Ready for His Next Mission: Make the Fed Great Again

Scott Bessent says he’s happy at Treasury. He has every reason to be. The tax cuts are in place, the trade deals are restructuring the global economy, and the deregulatory machinery is humming.

But by next summer, the center of gravity in economic policymaking will shift—from the fiscal and administrative levers of Treasury to the monetary mechanics of the Federal Reserve. That will be the moment when Bessent becomes indispensable in a new capacity .

He has already delivered results. Treasury under Bessent has reshaped incentives, redirected global capital flows, and…

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