Not Trump, Not Powell — Scott Bessent Is Quietly Managing the U.S. Economy. Here’s How
In 2025, it’s not Donald Trump or Jerome Powell making the biggest impact on the U.S. economy — it’s Treasury Secretary Scott Bessent. By carefully managing the Treasury General Account (TGA), Bessent is controlling liquidity in the financial system, influencing interest rates, and preventing market stress without grabbing headlines. This blog breaks down how his …