Treasury Secretary Scott Bessent expressed confidence in the stock market despite recent dips caused by President Donald Trump’s tariff threats. Bessent emphasized that market corrections are normal and healthy, while also highlighting the importance of robust policies in place to support long-term economic growth. He did not rule out the possibility of a recession but remained optimistic about the country’s economic future. Trump’s tariffs have caused fluctuations in stock market indexes, leading to concerns about potential economic issues. Bessent urged Americans to observe how other countries respond to reciprocal tariffs set to begin on April 2. Additionally, he addressed cuts to the IRS following a federal workforce reduction, stating that essential employees were retained despite widespread layoffs. Overall, Bessent’s remarks conveyed a belief in the resilience of the economy, despite short-term disruptions from tariff policies implemented by the Trump administration.
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