In a recent interview, US Treasury Secretary Scott Bessent defended President Trump's handling of the economy amid plummeting stock markets and declining consumer sentiment. Kristen Welker challenged Bessent on the significant losses in the market, including a $4 trillion drop, and highlighted disapproval of Trump's tariff policy from several financial institutions. Bessent contended that market corrections are healthy, suggesting the media narrative around the downturn is misleading and that a sound economic policy will ultimately lead to growth. He expressed confidence in future success with effective tax and deregulation strategies.
I've been in the investment business for 35 years, and I can tell you that corrections are healthy. They're normal. What's not healthy is straight up.
The public would eventually reject a media narrative that the economy was trending downward under Trump.
Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.
Does that worry you, Mr. Secretary? Not at all.
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