this post was submitted on 16 Mar 2025
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Economics

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Treasury Department Secretary says he’s ‘not worried about the markets’ (thehill.com)
submitted 4 days ago* (last edited 4 days ago) by MicroWave@lemmy.world to c/economics@lemmy.world
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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.

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[–] MushuChupacabra@lemmy.world 9 points 4 days ago (1 children)

Why should he be worried?

He'll be housed, well fed, and have unlimited Healthcare access no mater what, no matter how long this lasts.

[–] homesweethomeMrL@lemmy.world 4 points 4 days ago

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