(Bloomberg) – Scott Bessent Treasury Secretary, former Hedge Fund manager, said he was not concerned about the recent fall that wiped the trillion dollars from the stock market, because the US seeks to transform its economic policy.
Most reading from Bloomberg
“I have been involved in the investment business for 35 years and I can tell you that the corrections are healthy, they are normal,” Beesent said on Sunday at the NBC Meet The Press. “I don’t worry about markets. If we put good tax policy, deregulation and energy security in the long run, the markets will be great. “
Seleff, which took over the S&P 500 index last week in correction due to the concern of investors due to the economic effects of the Trump administration moves around the tariff, immigration and decrease in the Federal Government. Losses in capital markets have deepened with increasing concern for growth and achievement of consumer feelings.
“We put policies that make the accessibility crisis fall moderate, and while we set the sail, I am convinced that the American people will come on our path,” Bessent said, led Key Square Group before joining the administration.
As President Donald Trump’s scope of tariff policy is expanding, consumers in the political spectrum becomes concerned that additional duties will lead to higher costs. Global tariffs are now on the site of steel and aluminum, and until April 2 is waiting for even wider levies.
While the inflation has cooled last month, each permanent assumption of pressure prices risks the rates that households limit discretionary purchases.
In an interview, Beesent said the American dream is not dependent on buying cheap goods from China. Instead, families want to afford home and see their children do better than they are.
“These are mortgages, these are cars, it’s a real salary gain,” he said.
As questions about the construction of the American economy, federal reserves officers should meet this week. Fed Jerome Powell’s chair emphasized earlier this month that the central bank should not be rushed to reduce the rates, but is likely to press it because of its uncertainty and risk.
(Updates the first paragraph with a stock market loss)
Most readings from Bloomberg Businessweek
© 2025 Bloomberg LP
