Treasury Nominee Scott Bessent Highlights the Vital Role of CDFIs in Economic Growth

In this clip, Treasury Secretary nominee Scott Bessent articulates his strong support for Community Development Financial Institutions (CDFIs) and their vital role in serving underserved communities. Drawing on his background as a financial services analyst, Bessent highlights how CDFIs contribute to the strength and breadth of the U.S. financial system, differentiating the U.S. economy on the global stage.
Bessent underscores the importance of expanding CDFIs to empower communities and provide access to the capital needed for economic growth and opportunity.