Economics

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.