Treasury Secretary Scott Bessent hires Wall Street economist David Zervos
Zervos is joining the Treasury Department as counselor to Bessent, adding a prominent markets voice to the administration's economic policy team.
TL;DR
- David Zervos, a veteran Wall Street economist, has been hired as a counselor in the Treasury Department by Secretary Scott Bessent.
- Zervos previously served as chief market strategist at Jefferies and was a CNBC contributor.
- He supports Bessent's decision to increase buybacks of long-term Treasury debt and has called for lower Federal Reserve interest rates.
- Zervos has previous government experience, having worked twice for the Federal Reserve.
- His appointment comes amid a period of staff departures within the Treasury Department.
- Zervos will serve as a special government employee, with his term expected to end in April 2027.