Scott Bessent: “FSOC shifted away from its past approach where nearly every…”

“The Council is working with public and private sector partners including international counterparts to enhance system resilience while closely monitoring emerging risk. I will close by highlighting our progress in enhancing the utility of our annual report. In this year's report, FSOC shifted away from its past approach where nearly every major market and financial sector was described as a financial stability vulnerability. By introducing a new structure centered on fostering economic growth and security. We are tuning out the white noise to concentrate on the issues that matter most for US Financial stability.” (10:16–10:26)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.