How a fiery Scott Bessent calmed market nerves over Greenland

Scott Bessent was everywhere in Davos. At one press conference during the annual World Economic Forum in the Swiss Alps, the Treasury Secretary dismissed Denmark as “irrelevant” amid President Donald Trump’s demands that the country sell Greenland. He mocked California Gov. Gavin Newsom, who was also in Davos and had called Bessent smug by saying he’s, “Patrick Bateman meets Sparkle Beach Ken.” Bessent defended Trump’s desires to acquire Greenland, in an appearance on CNBC, claiming it was important to national security that it be controlled by the US. He accused Federal Reserve Chairman Jerome Powell of “trying to put his…