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President Donald Trump's chief strategist Stephen Bannon is rarely in the spotlight.

Hedge fund manager Anthony Scaramucci, a Trump confidant, who spoke exclusively to TheStreet at a live event on March 27 in New York City, used to work for the man who hired Bannon at Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. Report.

"Bannon is one of the smartest people I know," Scaramucci said, adding that Bannon has read "every book" at Barnes & Noble twice.

Scarmucci praised Bannon's writing skills and can detect Bannon's style in some of President Trump's best speeches.

He also said Bannon understands the economic divide in the U.S. better than anyone.

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Meanwhile, on Friday, Sean Spicer resigned from his position as White House press secretary, according to a report from The New York Times on Friday.

The Times also reports that former hedge fund manager Anthony Scaramucci is expected to be tapped as White House Communications Director.

The White House has not made an official announcement yet and has not responded to TheStreet's request for comment.

Plus, Axios is reporting that White House Chief Strategist Stephen Bannon was not in favor of the Scaramucci decision.

Read more from TheStreet's "Wall Street Goes to Washington" series

This article has been updated to include news about Scaramucci from its original publishing date of March 28.