U.S. Treasury Secretary Scott Bessent announced a shift in financial policy focus from Wall Street to Main Street during his speech at the American Bankers Association's Washington Summit. Bessent emphasized that for the next four years, the Trump administration's agenda will prioritize Main Street, aiming to support smaller financial institutions and local businesses. Bessent highlighted that Wall Street has enjoyed wealth growth for the past four decades, but now it is time for Main Street to take the lead in hiring workers, driving investment, and restoring the American Dream. He stressed the administration's intent to level the playing field, allowing all banks, from giants like JPMorgan to local mortgage and loan providers, an equal chance to succeed. The announcement comes amidst concerns over recent economic policies, including steep tariffs that have caused market volatility. Bessent addressed these concerns, defending the administration's strategy of tax cuts, deregulation, and trade rebalancing, and outlined measures to prevent a recession, such as ensuring the tax bill does not expire and implementing specific tax relief measures like no tax on tips, no tax on Social Security, and no tax on overtime.