• Treasury Secretary Scott Bessin He said he was not concerned about the stock market, as the S&P 500 faced the first correction in the market since 2023 last week. Pesin said that “corrections are healthy”, adding the Trump administration policies, which are largely considered uncertain in the market, are necessary for long -term sustainability.

Treasury Secretary Scott Payette does not feel concerned about correcting the first stock market since 2023, and says it is in fact “healthy” that there is a contraction now to avoid the crisis at a later time.

S & P 500, which tracks the broader market, Correction Last week, by declining 10 % of its highest level ever earlier this year. Heavy technology Nasdak and Dao Jones also fell on March 13 before all three main indexes Closed.

However, bessent in an interview with NBC“Spoil the press” He said that “there were no guarantees” there will be no stagnation. He said he was not concerned about the fluctuations of the stock market, adding that the recession may now be positive in the long run.

“I have been in investment for 35 years, and I can tell you that the corrections are healthy. NBC. “What is unhealthy is to get these exciting markets.

BESSENT Comments as Trump’s management policies about definitions and efficiency, including Collective demobilization operations and spendingDying death invested. Since the Federal Reserve is unlikely to make significant changes to its position on interest rates at the FOMC meeting for this week, a clear message from the administration may be a key to the fall of the falling market, according to Goldman SACHS analysts.

“If the administration will provide a clear message that they were ready to control policy to support the economy or that it would give priority to more suitable parts of growth in their agenda, which may provide more immediate relief,” the analysts wrote.

It is not clear whether the Trump administration is ready to stay away from the policy of customs tariffs, which it has witnessed imposes a widespread tariff of 25 % on steel and aluminum imports that sparked mutual tariffs from countries Like Canada. Although the market is dropping, though, Trump and its officials appear like Bessent are not expected due to the possibility of a long shrinkage.

In the first month of Trump in his post, spending decreased but still exceeds revenue, with a federal deficit increasing $ 307 billion in February, With an increase of 3.7 % on an annual basis. Pesin said NBC The United States has remained on its large spending levels, which will have a guaranteed financial crisis. He added that the recent measures of the Trump administration are necessary to prevent the future crisis.

And he told NBC.

Despite the last market relapse, the analysts are in Evekor The S&P 500 still sees 6800 out of 5,690 by the end of 2025. However, in the worst cases, the slowdown of GDP by 1.5 % and basic inflation may exceed 3 % Recession This can witness the collapse of the S&P 500 to 5200 – less than the 5700 level that he recorded when Trump was elected in November.

Evercore analysts wrote: “A physical move less than 5,700 without postponing Washington is less interested in stocks, and is more interested in radical change regardless of the repercussions of the asset market.”

At the present time, Bessent rocked any fears of a long -term shock to the markets and said he believed that the Trump administration will beat Americans with its policies.

“I am not worried about the markets,” Pisent said.

This story was originally shown on Fortune.com

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2025-03-18 11:05:00