US’ Bessent: Policy priority will be to deliver on Trump’s various tax-cut pledges

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.

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