Billionaire investor Bill Ackman, CEO of Pershing Square Capital Management, commended Treasury Secretary Scott Bessent on Tuesday as markets struggle with trade policy uncertainty.
What Happened: Bessent, “is a steady hand on the wheel guiding us on a windy road that will get our country where we need to go. Thank you Scott,” Ackman wrote on X, responding to Bessent’s announcement about participating in the 2025 World Bank Group-IMF Spring Meetings taking place April 21-26 in Washington, D.C.
Ackman’s “windy road” metaphor likely references the volatile financial landscape shaped by trade tensions. His support follows his earlier praise for the President Donald Trump administration’s 90-day tariff pause.