Bessent Emphasizes Economic Growth in Bid to Ease Regulation (1)

Treasury Secretary Scott Bessent said he would continue his campaign to reduce financial regulations, highlighting the Trump administration’s effort to bolster economic security amid concerns over persistent inflation and affordability.

“Economic growth is critical to financial stability,” Bessent said in a letter accompanying the 2025 annual report for the Financial Stability Oversight Council, a regulatory body created in response to the 2008 financial crisis.

Administration officials have already moved to overhaul a range of financial regulations this year, including relaxing capital requirements that lenders have said limit their ability to act as intermediaries in the Treasuries market and eliminating ...