United States Treasury Secretary Scott Bessent said on Sunday that he is not concerned over the stock market sell-off triggered by President Donald Trump's tariff policy that sparked fears about the US economy's stability.
"I'm not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great," Bessent told NBC News.
Furthermore, the secretary did not rule out the possibility of a recession in the US. "You know that there are no guarantees. Like, who would have predicted Covid, right," he noted, adding that the Trump administration is "putting in robust policies that will be durable, and could there be an adjustment."
