Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Wall Street executive and incoming Commerce secretary has emerged as a hawkish protectionist.

Howard William Lutnick assured senators that the American economy will be much, much better. "A particular product’s price may go up, but all of them, this is not inflationary," he asserted.