Trump expected to name former Goldman banker Steven Mnuchin for Treasury
Steven Mnuchin, a financier with deep roots on Wall Street and in Hollywood, is expected to be named Donald Trump’s Treasury secretary as soon as Wednesday, according to people close to the transition
Steven Mnuchin, the Trump campaign's finance director, arrives at US President-elect Donald Trump's Trump Tower in New York, US (Photo: Reuters)
US President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, Reuters news agency has reported, citing a source.
The news agency added that Mnuchin, who was Trump's presidential campaign finance chairman, could be named as early as Wednesday, according to the Republican source close to the decision.
Mnuchin was reportedly chosen over several high-profile candidates, including JPMorgan Chase Chairman Jamie Dimon and Republican US Representative Jeb Hensarling, chairman of the powerful House Financial Services Committee.
A relatively little-known but successful private equity investor and hedge fund manager, Mnuchin spent 17 years at Goldman Sachs before leaving in 2002, when he launched Dune Capital Management.
If confirmed, Mnuchin would play a critical role in carrying out Trump’s promised economic policy changes, including the enactment of a large package of tax cuts, sweeping changes to foreign trade agreements and the fulfillment of a huge new infrastructure spending program, according to the New York Times, who was the first to report Mnuchin's selection. He could also help lead any efforts to roll back President Obama’s nuclear deal with Iran and the administration’s opening to Cuba by reimposing sanctions on Tehran and Havana, it added.
