Treasury Sec. Scott Bessent says he’s ‘not at all’ worried amid a stock market selloff
WASHINGTON – Treasury Secretary Scott Bessin said on Sunday that he was “not at all” concerned about the stock market, which fell several times amid President Donald Trump’s threats.
“I have been in investment for 35 years, and I can tell you that the corrections are healthy. It’s normal. What is unhealthy is straight,” Besent said during an interview with NBC News.
The main stock indicators have decreased in recent weeks amid Trump’s introductory threats. CNBC previously mentioned The value of the S&P 500 decreased by about $ 5 trillion in three weeks.
Trump has Browser With Canada and Mexico, two of the closest trading partners in the United States, with the threat of sharp tariffs on other American allies such as European Union. The president also carried out Comprehensive definitions On aluminum and steel. Bessent also confirmed that Trump The “mutual” definitions In other countries you will start on April 2.
“I am not concerned about the markets. In the long run, if we set a good tax policy in place, and cancel the regulatory restrictions and energy security, the markets will work wonderfully,” said Pesin.
The fluctuations in the stock market sparked fears of economic issues in the long run, and Besent did not rule out a stagnation in an interview on Sunday.
“You know that there are no guarantees, like those who expected Covid, right?” Pisint said when asked if he could guarantee that there would be no stagnation.
“So I can predict that we are setting strong policies that will be solid, and can there be an amendment,” he said, adding that the country needs to be dismantled from “huge government spending.”
Trump had previously refused to exclude the recession and admitted that the Americans might feel the level of some economic pain in response to his policies.
“I hate to predict things like that,” Trump He said in an interview with Fox News this month When asked if he expected a stagnation this year. “There is a transitional period, because what we do is very big.”
The president also said several times that the economy could see A level of “turmoil” In response to customs tariff policies.
“The customs tariff revolves around making America rich again and making America great again, and this happens, and this will happen somewhat quickly,” he said during his joint speech to Congress this month. “There will be a little disorder, but we are fine with that. It will not be much.”
He later repeated the feelings, and told NBC news that “there could be some disorders, a little disorder.”
Trump later seemed to retrieve his comments in the recession, saying last week that he had “never seen him”, Matthew Request again Whether there is a stagnation. Securities market indicators have decreased again and again after Trump threatened or Years of definitionsBut Trump said last week that the sale of the stock market was not concerned, noting that he was “very optimistic about the country.”
On Sunday, Pisent urged the Americans to see how countries interact in the two months following the start of the mutual tariff in April.
“Either the tariff barriers that decrease, the United States can export more. Trade is more fair. It has always been free, but it is not fair,” said Pesin. “Or if they do not do that, we will take great revenues.”
BESSENT also dealt with the discounts to the Tax Authority after the Trump administration began a large -scale federal workforce, including the extensive discounts of researchers.
The Treasury Secretary said that the Tax Authority has approximately 15,000 employees under observation who could have been expelled, but “we kept about 7500 and 8,500 because we saw them necessary for the mission.” Late last week, two federal judges ordered the Trump administration Backbone Thousands of test workers.
