PolitiQuote

Discover video-sourced quotes by politicians

Scott Bessent: “It could be a concern, but we don't view it as a priority…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Watch on YouTube

'Sir, Please Be Responsive To My Question!': Stephen Lynch Gets Fed Up Fast With Scott Bessent

Published | Video Starts at 05:29

The issue of explainability, how when people apply for credit and are denied, we don't have the ability for AI to explain why they were denied. Is that a concern? I mean, we are talking about the trust within the financial services industry. It could be a concern, but we don't view it as a priority for financial stability. That. That's the truth. That's the truth. Okay, Mr. Chairman, I yield back. Thank you, gentlemen. (05:29–05:35)

CLAIM

Asserts that explainability in AI is not considered a priority for financial stability.

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.


Scott Bessent

Discover more from

Scott Bessent

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.