After weeks of speculation, Donald Trump has announced Steve Mnuchin as his nominee for Treasury Secretary.
Though Mnuchin himself has said little, his resume does seem to contrast sharply with Trump’s populist campaign. Mnuchin, like his father before him, was a partner at Goldman Sachs before joining the world of hedge funds, including working as a portfolio manager for George Soros.
There are some troubling signs that Mnuchin is unlikely to “drain the swamp” connecting Wall Street to the beltway.
For example, during interviews following the official announcement, he was quick to praise Janet Yellen as having done a “good job,” after Trump spent much of his campaign criticizing the sitting Fed Chairman. He also entertained the idea of following the lead of other countries in possibly issuing 50–100 year bonds government bonds