The Challenge of Selecting a New Treasury Secretary
The Trump transition team has yet to announce who will become the next secretary of the treasury, but a few candidates have emerged in the past week, including Representative Jeb Hensarling of Texas, Trump’s campaign finance chair Steven Mnuchin, and the billionaire investor Wilbur Ross. While the potential appointees do have backgrounds in different areas of finance, from investment banking to private equity, they all (save for Hensarling) have extensive experience on Wall Street. Politico has reported that Trump’s team…