President-elect Donald J. Trump has assembled an economic team that includes several Wall Street executives, economists, lawyers, and academics to help implement his tax cuts, tariffs, and deregulation plans. The team, which has chosen to promote a cohesive agenda, consists of individuals who have expressed support for the president-elect’s unconventional approach to economic policy.
Treasury Secretary Scott Bessent, a billionaire hedge fund manager, will bring broad knowledge of financial markets and international economics to the department. Commerce Secretary Howard Lutnick, a seasoned trader with decades of experience on Wall Street, will oversee trade negotiations. U.S. Trade Representative Jamieson Greer, a trade litigator and former Air Force lawyer, will face off against other countries over trade issues.
National Economic Council Director Kevin Hassett, a long-time advocate for lower corporate taxes, will play a key role in cutting taxes and boosting economic growth. Office of Management and Budget Director Russell Vought, who previously served as White House budget director, will set spending priorities. Council of Economic Advisers Director Stephen Miran, a senior economist with experience advising on fiscal support during the pandemic, will provide economic guidance.
Other members of the team include Senior Counselor for Trade and Manufacturing Peter Navarro, who has expressed strong support for tariffs and trade protectionism; Deputy U.S. Treasury Secretary Michael Faulkender, a veteran economist from Trump’s first term; and Senior Strategist Jamieson Greer, who will oversee trade negotiations.
The team’s cohesive approach to economic policy marks a departure from Trump’s first term, when his advisers had disparate views on issues like free trade and tariffs. It remains to be seen whether the new team can work together effectively and implement the president-elect’s policies without opposition.
Source: https://www.nytimes.com/2025/01/10/business/economy/trump-economic-advisers-bessent.html