After a messy, public competition between hopefuls, President-elect Donald Trump nominated hedge fund manager Scott Bessent to be the next Treasury secretary.

On today’s Big Take DC podcast, hosts Saleha Mohsin and David Gura discuss why Trump chose Bessent, and how Bessent might approach the job.

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Over the last week, President-elect Donald Trump has announced his nominees for the top jobs in his administration. But one key position that hasn’t been filled yet is Treasury secretary, and the person Trump picks will play a crucial role in shaping US economic policy.

Senior Washington correspondent and host Saleha Mohsin joins David Gura to tick through the top candidates under consideration and how each might shape the Treasury’s priorities if chosen and confirmed.

Read more: Bessent Hails Trump Agenda as Candidates Vie for Treasury Post

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Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced difficult questions about the path forward for interest rates — and for him — under Trump.

Bloomberg economic policy editor Kate Davidson joins host Saleha Mohsin to discuss how Powell’s answers today set up for a rematch between him and Trump over the Fed’s mission and independence.

Read more: Trump’s Victory Casts a Shadow Over the Federal Reserve

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See omnystudio.com/listener for privacy information.