Many business leaders and Wall Street figures view Scott Bessent's appointment as a pragmatic and stabilizing choice for Treasury Secretary. His extensive experience in financial markets and bipartisan history in supporting Republicans and Democrats offer reassurance about his ability to handle the challenges of the role. Supporters believe Bessent can moderate Trump’s more aggressive policies, such as blanket tariffs, and bring balance to economic decision-making, fostering market stability and investor confidence.

Progressive groups and left-leaning economists are critical of Bessent's appointment, viewing it as a continuation of policies favoring corporations and the wealthy. They argue that his history as a hedge fund manager and ties to figures like George Soros clash with Trump's populist rhetoric. Critics worry that Bessent's support for selective tariffs and fiscal conservatism may exacerbate economic inequality, with potential inflationary impacts and labor shortages stemming from proposed tax cuts and mass deportation policies.

Financial markets have interpreted Bessent’s nomination as a signal of a measured approach to economic policy under the Trump administration. His reputation as a fiscal conservative and experienced financier has contributed to lower Treasury yields, increased equity indices, and a weaker dollar. Investors are optimistic that Bessent will prioritize economic stability while helping to navigate complex issues like inflation, tariffs, and the federal budget deficit, despite potential challenges in moderating Trump’s policies.