Scott Bessent's Perspective on Market Fluctuations

United States Treasury Secretary Scott Bessent expressed his lack of concern regarding the recent stock market downturn, attributing it to President Donald Trump's tariff policies. Despite the unease these policies have caused regarding the US economy's stability, Bessent remains optimistic.

Long-Term Market Confidence

"I'm not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great," Bessent confidently told NBC News.

On the Possibility of a Recession

While discussing the economy, Bessent did not dismiss the possibility of a recession. He acknowledged the unpredictability of global events, such as the Covid pandemic, but emphasized the Trump administration's commitment to implementing robust and durable policies to mitigate potential economic adjustments.