According to The Wall Street Journal: U.S. President Trump is not only relying more heavily on Besent but has also entrusted him with the responsibility of addressing challenging economic issues, including high borrowing costs, stubborn inflation driven by rising oil prices, and rapidly accumulating government debt. A senior government official who previously worked with U.S. Treasury Secretary Besent stated that the entire burden of the president's economic policy agenda rests on the shoulders of this Treasury Secretary.