US Treasury Secretary Scott Bessent appointed David Zervos, who has been a market and policy strategist at investment bank Jefferies for a long time, as an advisor to the Treasury Department. The specific responsibilities are unclear. “Zervos will bring 35 years of experience in global financial markets, central banking operations, and macroeconomic analysis,” the US Treasury said in its appointment statement. Zervos worked as an economist at the Federal Reserve, then as chief market strategist at Jefferies, and commented extensively on the Fed's policies. Last year, it was also reported that he was one of the potential candidates to replace Jerome Powell as chairman of the Federal Reserve. US President Donald Trump ultimately chose Kevin Walsh for the position.

US Treasury Secretary Scott Bessent appointed David Zervos, who has been a market and policy strategist at investment bank Jefferies for a long time, as an advisor to the Treasury Department. The specific responsibilities are unclear. “Zervos will bring 35 years of experience in global financial markets, central banking operations, and macroeconomic analysis,” the US Treasury said in its appointment statement. Zervos worked as an economist at the Federal Reserve, then as chief market strategist at Jefferies, and commented extensively on the Fed's policies. Last year, it was also reported that he was one of the potential candidates to replace Jerome Powell as chairman of the Federal Reserve. US President Donald Trump ultimately chose Kevin Walsh for the position.