Treasury Secretary Scott Bessent Remarks at the Financial Stability Oversight Council

As prepared for deliveryI would like to call this meeting of the Financial Stability Oversight Council to order.Today is the Council’s first public session this year, which is fitting—the start of September is a natural moment for renewal and fresh focus. In that spirit, I’d like to discuss how economic growth strengthens financial stability—and how economic stagnation puts it at risk. Understanding these dynamics is key to advancing FSOC’s mission.Before we start, I’d like to have a moment of silence for the friend of many people in this room, Charlie Kirk, and the tragic incident that happened today. My heart is with the Kirk family during this devastating time. Inexcusable violence belongs nowhere in a civilized society. Charlie is a brave young man, a devoted husband, a loving father, and a great patriot. Please join me in praying for Charlie, his family, and our country.