‘This Is the Biggest Merger in History, We Are Bringing Wall Street to Main Street’: Scott Bessent [WATCH]

Scott Bessent said the current administration is prioritizing families and small-town Americans by shifting economic policy away from Wall Street dominance and toward broader participation in the financial system, describing what he called a historic realignment between financial markets and everyday households.

Bessent said the administration’s agenda reflects a clear focus on working families, pointing to tax policy and broader economic initiatives championed by President Trump.

“I think that this is the most pro family administration that we’ve seen,” Bessent said.

“And everything the President is doing, whether it’s the working families tax cut or this just shows his interest.”

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Bessent said the President’s approach differs from past administrations by emphasizing Main Street rather than financial elites.

“And you got it exactly right, the President is focused on Main Street,” he said.

“Wall Street always does well.”

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Bessent described what he called the largest economic integration effort in history, aimed at making financial systems more accessible to Americans outside major financial centers.

“And I said, this is the biggest merger in history. We are bringing Wall Street to Main Street,” Bessent said.

He said the goal is to ensure that people in small towns are actively engaged with their finances and feel connected to the broader economic system.

“You know, imagine everyone in small town America is going to be looking, looking at their phones, checking, checking their accounts, and they’re going to understand and be part of the system,” Bessent said.

Bessent said financial markets will no longer feel distant or disconnected from everyday life.

“It’s not going to be something that’s far away on the corner the New York Stock Exchange, on the corner of wall and broad it is going to be the part of their household and their planning,” he said.

He also said increased participation could lead to greater philanthropic activity and broader financial engagement by American families.

“And again, families can contribute,” Bessent said

. “I think we’re going to see some great philanthropists.”

Bessent suggested that future initiatives could include significant private-sector involvement and large-scale charitable commitments.

“We’re going to see I think we’re going to see some philanthropists adopt two states, so they’re going to top up the accounts today,” he said.

Bessent said additional developments are forthcoming but declined to provide details.

“So I don’t want to get ahead of them, but two very exciting announcements, and a lot of corporates,” he said.

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