If you felt a gust of wind from out of the Northeast, it was the collective sigh of relief coming from New York’s financial district over Donald Trump’s selection of Scott Bessent to lead Treasury. After a series of unorthodox Cabinet picks that shocked the policy world, Trump’s choice of the 62-year-old hedge fund executive is being praised by Wall Street heavyweights who had hoped the president-elect would select a more traditional candidate for his administration’s most powerful economic...