Treasury Secretary Bessent spoke to the Economic Club of New York today and emphasized the growthiness of President Trump’s program.

I had a chance to interview the Secretary after his speech.

Yet importantly, Mr. Bessent emphasized deregulation, especially in the banking sector — and that includes bank loans to small businesses.

This is important because during the Biden years, the Fed chairman, Jay Powell, swayed with the wind and promoted DEI, ESG, cutting off loans to oil and gas companies, terrible supervision of Silicon Valley, and a disregard for the importance of community banks.

Mr. Powell presided over a real shambles.