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would you accumulate or wait on indo rama synthetics (india) limited (500207) ✌️【Risk】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. President-electDonald Trumpnamed billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury.

“Scott has long been a strong advocate of the America First Agenda. On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World,” Trump said in a statement announcing the pick Friday, confirming 【 - Free Access to Community 】’s earlier reporting.

“Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me, and the Great People of the United States of America.”

Bessent, 62, advised Trump on economic policy on the campaign trail and is the founder of hedge fund Key Square Capital Management. Before that, he was the chief investment officer at Soros Fund Management, a hedge fund started by Democratic megadonor George Soros. He gained prominence at the firm for leading efforts to bet against the British pound and Japanese yen that netted the firm billions of dollars in profits.

would you accumulate or wait on indo rama synthetics (india) limited (500207) ✌️【Risk】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. The role is seen as the top financial job in any administration and has become a trophy position for many well-heeled Wall Street donors.

If confirmed by the Senate, Bessent’s early days on the job could be even more challenging than usual as he’ll have to face pressure to address the federal debt limit, the expiring provisions of Republicans’ 2017 tax cut package, and Trump campaign promises.

Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according toThe Associated Press. In 2021, Biden administration Transportation Secretary Pete Buttigieg became the first out gay Cabinet member confirmed by the Senate.

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He went on to advocate for Trump to pursue policies involving deregulation and tax cuts as well as “addressing the debt burden,” which he attributed to “four years of reckless spending.”

In the piece, however, Bessent made no mention of tariffs. Trump as a candidate pledged to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries.

In recent interviews with the Financial Times and CNBC, Bessent signaled support for a more gradual approach to tariffs aimed at containing potentially inflationary blowback that could arise from imposing such levies.

would you accumulate or wait on indo rama synthetics (india) limited (500207) ✌️【Risk】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. Trump had expected to announce his pick for Treasury a week ago, but jockeying among his top contenders for the role – Bessent and Howard Lutnick – led him to expand his pool of prospects. Earlier this week, the president-elect picked Lutnick, the CEO of Cantor Fitzgerald and the co-chair of his transition,for the role of Commerce secretary.

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would you accumulate or wait on indo rama synthetics (india) limited (500207) ✌️【Risk】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions. Trump named a flurry of new Cabinet picks and other top administration roles Friday night, as he was eager to announce his latest decisions before the holiday weekend, two sources familiar with the announcements said. He was especially eager to announce his pick for Treasury before the weekend, to ensure it got more news coverage, one of the sources said.

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During his first term, Trump choseSteven Mnuchin, a financier and Hollywood producer who stayed in the administration all four years. Mnuchin, who had no government experience before taking the Treasury post, had also served as finance chairman of Trump’s 2016 presidential campaign.

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