Bessent on private credit: None of our work shows a 'systemic problem'

• Scott Bessent, Treasury Secretary, dismisses concerns about systemic risk in private credit.
• He references Jamie Dimon's recent statement that private credit is 'not big enough to be systemic'.
• Bessent confirms that the Treasury's own analysis also shows no 'systemic problem' in the private credit market.

Treasury Secretary Scott Bessent stated that neither the Treasury's work nor recent comments from Jamie Dimon indicate a 'systemic problem' with private credit. This reassures markets against fears of private credit becoming a major pressure point on Wall Street, suggesting the sector is not large enough to pose a systemic threat.