Japan LDP Leader Takaichi: Don't See Immediate Need To Revise Govt-BoJ Joint Agreement

BESSENT: WILL RELEASE TREASURY BUDGET STMT AFTER SHUTDOWN ENDS US Treasury Sec Bessent Touts Drop In US Deficit-To-GDP Ratio For FY 25’ - Cites CBO Estimate Of Fiscal Year ’25 Federal Deficits - Will Release Trsy Budget STMT After Shutdown Ends US TSY'S BESSENT Q&A: PRIVATE CREDIT CAN BE 'VERY PRO-CYCLICAL, EXACERBATING DOWNTURNS;' PRIVATE CREDIT USEFUL, SHOULDN'T DISADVANTAGE REGULATED BANKS #Bessent #USTreasury #economy #banking Bessent States That Regulatory Rules Are 'Too Tight'

Good morning, everyone and welcome. It's a privilege to be here today at the Federal Reserve Board with so many of our nation's community bank CEOs. I want to start by thanking our bankers for the essential work you do every day—serving your communities, supporting small businesses and families and keeping local economies strong and growing. Today's event provides us an opportunity to come together and discuss the future of community banking. This great nation hosts the largest and most effective financial system in the world, ensuring that capital flows to those who need it and can put it to productive use. I think of community banks as the foundation of our financial system. You are often the first call for small businesses seeking to grow, for families looking to buy homes, and for anyone seeking to achieve their financial goals. At a time of rapid technological change, a shifting regulatory landscape, and evolving consumer expectations, your work has never been more vital or more challenging. Fed Official Bowman Does Not Discuss Monetary Policy Or Economic Outlook During Community Bank Conference Welcome Speech