Trump is reportedly considering former Goldman Sachs banker Steve Mnuchin and billionaire investor Wilbur Ross, according to Politico.
Mnuchin served as finance chair for Trump’s campaign, and is the odds-on favorite to get the nod, sources familiar with the matter told Politico.
However, the sources said that Trump hadn’t finalized his decision yet. The campaign has reached out to other potential Treasury candidates, including JPMorgan Chase CEO Jamie Dimon and former Federal Reserve governor Kevin Warsh.
House Financial Services Committee Chair Jeb Hensarling (R-Texas) has also been mentioned as a possible nominee, but Hensarling said he was focused on rewriting regulations in his current position, Politico reported.
The Treasury secretary will play a key part in designing a fiscal policy that calls for new spending on infrastructure and an overhaul of the tax code, according to Politico.
Donald Trump has narrowed his possible picks for Treasury secretary down to two candidates, according to a Politico report.