Donald Trump Appears To Have Made His Pick For Treasury Secretary

Matt Vespa
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Posted: Nov 29, 2016 5:59 PM
Donald Trump Appears To Have Made His Pick For Treasury Secretary

President-elect Donald J. Trump appears to have made his pick for treasury secretary. Former Goldman Sachs executive and director of finance for the Trump campaign, Steven Terner Mnuchin, is set to spearhead his economic policy. Mnuchin is also a hedge fund manager and a Hollywood financier (via NYT):

Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.”

As Treasury secretary, Mr. Mnuchin would play an important role in shaping the administration’s economic policies, including a package of promised tax cuts, increased spending on infrastructure and changes in the terms of foreign trade. He could also help lead any effort to roll back President Obama’s nuclear deal with Iran and opening to Cuba by reimposing sanctions on Tehran and Havana.

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After leaving Goldman in 2002, he founded Dune Capital Management, a hedge fund named after the dunes near his beach house in the Hamptons.

The Times added that despite the president-elect’s hostile rhetoric towards Goldman Sachs and Wall Street, Mr. Mnuchin supported most of what Trump wanted to do.