Adds quotes

Nov 22 (Reuters) - President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday.

One source briefed by the Trump transition team and a donor briefed on the plans told Reuters of Trump's intention to pick Bessent. The Trump transition team did not immediately respond to a request for comment.

COMMENTS:

RYAN SWEET, CHIEF US ECONOMIST, OXFORD ECONOMICS, WEST CHESTER, PENNSYLVANIA

"Bessent has been on the side of less aggressive tariffs, consistent with our current forecast. Things can change but his nomination reduces the risk that some of the more severe tariff scenarios come to fruition.

"His nomination boosts our conviction in our assumptions around fiscal and trade policy-that Trump gets some, but not all that he proposed on the campaign trail. It's also important to remember that Presidents and even Treasury secretaries inherit economies and they're getting a good one.

"Hopefully he changes his tune on the idea of a shadow Fed Chair, which doesn't make any sense."

JOHN PAULSON, INVESTOR AND FOUNDER OF PAULSON & CO

“Scott Bessent is an outstanding pick for Treasury Secretary. He has the market experience and financial acumen to successfully implement President Trump's economic agenda. We are off to a great start.”

JJ KINAHAN, CEO, IG NORTH AMERICA, CHICAGO

"It's nice to have somebody who understands how their policies can affect the markets, all the way through."

QUINCY KROSBY, CHIEF GLOBAL STRATEGIST, LPL FINANCIAL, CHARLOTTE, NORTH CAROLINA

"He certainly knows the economy, he knows markets, he's very experienced in the financial/capital markets. And again, because his name had come out so early, due diligence was in essence performed by commentary weeks ago and it was all positive."

"So again, it's a name with tremendous broad experience in capital markets, and that's going to be helpful because the of number of scenarios, particularly with the deficit, particularly with concerns over inflation and inflation expectations due to tariffs. It's going to be helpful to have someone at the helm of Treasury who's experienced in, and has a long history working in markets."

LINDSEY JOHNSON, CEO, CONSUMER BANKERS ASSOCIATION , WASHINGTON

“As an experienced and accomplished businessman, we applaud Mr. Bessent’s recent comments in which he has called for a surge in small business optimism, a smart deregulatory banking agenda, and support for Main Street.

“If confirmed, we look forward to working with Mr. Bessent to advocate for sound financial regulatory policy that enable banks to better support consumers, small businesses, and the economy at large.”

(Compiled by the Global Finance & Markets Breaking News team)

((alden. bentley@thomsonreuters.com; 646-281-6041;))