Updated

Treasury Secretary Scott Bessent hired prominent markets economist David Zervos to serve as counselor to the Treasury Secretary, adding a respected voice on macroeconomic and financial market dynamics to the administration's economic policy team. Zervos' recruitment reflects Bessent's efforts to build a policy apparatus focused on market-sensitive economic decisions and real-time monitoring of capital market conditions. The hire comes amid ongoing volatility in Treasury yields and currency markets, as well as Bessent's recent public statements asserting his influence over financial markets and economic policy direction.