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Treasury Secretary Scott Bessent hires Wall Street economist David Zervos

Zervos will advise on Treasury policy after backing Bessent’s debt buybacks and calling for lower interest rates, CNBC reported.

Summary
Treasury Secretary Scott Bessent has hired veteran Wall Street economist David Zervos, the longtime chief market strategist at Jefferies, as a counselor in the Treasury Department. Zervos was a CNBC contributor.

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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.

·Englewood Cliffs, United States
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The American Treasury Secretary Made a Greek His Right-Hand Man

Mr. Zervos was a long-time head of market strategy at Jefferies and was also a CNBC contributor.

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US Treasury Secretary Hires Wall Street Economist David Zervos

David Zervos, a veteran Jefferies strategist, will join Scott Bessent as an advisor to the U.S. Treasury. His arrival occurs as the department faces rising returns, debates on Federal Reserve policy, and decisions on debt buybacks.

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Treasury Secretary Bessent Hires David Zervos as Counselor

The Jefferies economist will advise Treasury as bond yields rise and debates continue over Federal Reserve policy and artificial intelligence spending.

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CNBC broke the news in Englewood Cliffs, United States on Monday, September 28, 2026.
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