President Donald Trump is expected to announce that he has picked Howard Lutnick, CEO of Cantor Fitzgerald and one of Wall Street’s most recognizable figures, to serve as his Commerce Secretary. The appointment underscores Trump’s inclination to staff key economic posts with business leaders possessing a private-sector pedigree, rather than traditional political experience.
Lutnick’s selection would come at a pivotal moment for U.S. economic policy. Lutnick has been a fierce defender of Donald Trump’s tariff proposals—pushing back on resistance from some on Wall Street who worry that they will spark a trade war or raise consumer prices.
Lutnick is no stranger to challenges. As the head of Cantor Fitzgerald, he rebuilt the firm after the 9/11 attacks, a tragedy that claimed 658 of his employees. His leadership in the aftermath not only solidified his reputation as a…
