Economics

657 readers

502 users here now

founded 2 years ago

Treasury Department Secretary says he’s ‘not worried about the markets’ (thehill.com)

submitted 3 days ago* (last edited 3 days ago) by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

Summary

Treasury Secretary Scott Bessent said he is “not worried about the markets” despite a sharp downturn, calling corrections “healthy” and warning against unchecked growth.

His remarks follow a volatile week where the Dow dropped 890 points (2.1%) amid recession concerns.

Former Treasury Secretary Larry Summers now sees recession odds “close to 50/50,” citing poor economic policies. Stocks have fallen due to weak economic data and shifting Trump administration tariff policies.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 3 days ago

He’d only be worried if the poors started shooting.