Bessant: The Trump administration's regulatory reforms will unlock an additional $2.5 trillion in lending capacity for banks.

Odaily Planet Daily reports that U.S. Treasury Secretary Bessant stated that the Trump administration's regulatory reforms will unleash an additional $2.5 trillion in lending capacity from banks. He added that during economic downturns, reliance on private lending will be pro-cyclical, and that the growth in private lending stems from overly stringent regulation of the banking system. (Jinshi)