Scott Bessent dismissed concerns about a looming recession - and revealed his plans to ease the current economic tensions and halt what appears to be an inevitable financial crash.
Treasury Secretary Scott Bessent downplayed concerns about the stock market crash caused by Trump's trade war, stating that "one week does not the market make" and citing confidence in long-term economic benefits from tax policy, deregulation, and energy security. The market turbulence stems from uncertainty about Trump's economic policies, raising fears of a pullback in spending and stagflation.
