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Elon Musk has spoken out about Trump’s upcoming choice for Treasury Secretary.
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Musk wrote on X that Cantor Fitzgerald CEO Howard Lutnick would “actually effect change.”
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Lutnick and Scott Bessent, founder of Key Square Group, are the leading contenders for the role.
Elon Musk said on Saturday that Cantor Fitzgerald CEO Howard Lutnick would “actually effect change” if he were appointed as newly elected President Donald Trump’s Treasury Secretary.
The president-elect has not yet made a formal announcement about the role, but Lutnick and investor Scott Bessent are considered top candidates.
The Treasury secretary will play a central role in the Trump administration as economic concerns have played a key role in fueling Trump’s victory. While unemployment is low and the economy is growing, Americans remain frustrated by high prices and what they see as runaway inflation.
Lutnick has known Trump for decades and has organized fundraisers for the newly elected president and appeared on TV as a surrogate.
Bessent founded and runs the macro hedge fund Key Square Group and emerged as a key economic advisor to Trump during his campaign.
Republican Senator Lindsey Graham of South Carolina, a Trump ally, told Semafor earlier this week that Bessent would be an “excellent” selection for treasury secretary.
“He’s from South Carolina, I know him well, he’s highly qualified,” Graham said.
However, Musk said on X that Bessent would not be the kind of change agent that many conservatives would like to see in Trump’s second administration.
“My opinion is that Bessent is a business-as-usual choice, while @howardlutnick will actually effect change,” Musk wrote.
“Business-as-usual is driving America bankrupt, so we need change somehow,” he continued. “It would be interesting to hear more people think about this so Trump can consider feedback.”
Lutnick, the co-chair of Trump’s transition team, is already playing an influential role in the newly elected president’s work, helping him vet candidates for Cabinet posts in the administration, The Wall Street Journal reported.
Read the original article on Business Insider
