Multimillionaire Treasury Secretary Calls Stock Market Drop 'Healthy'

The Us Stock Market Has Lost $ 5 Trillion in Value Over The Last Three Weeks Two to Upcoming Tariffs Threatened by the Trump Administration and Rising Inflation, Leaving Many Americans World About Their Investments. But Trump's Treasury Secretary, Scott Bessent, Said He Isn'T Concened. In fact, He Claimed the Stock Market Drop is “Healthy” and “Normal.”

“I'm not world about the markets,” Bessent Said Sunday on NBC's Meet The Press. “Over the long term, If we put good tax policy in place, deregulation and energy security, the markets Will do Great.”

Moderator Kristen Welker Asked Beesent, “Worst Week for the market in Two Years. Does That World You? “

“Not at all,” he said. “I Can Tell You Corrections Are Healthy. They're Normal. “

When Welker Asked When He Believes to Reception is on the Horizon, Bessent Didn'T Rule It Out. “There are no guarantees,” he said. “I can predict that we are putting in robust polycies that will be durable.”

Bessent Also Dismissed Concens About the Rising Cost of Goods When Asked To Comment on Remarks He Recently Made Where He Said, “Access to Cheap Goods is not the Essence of the American Dream.”

“Mr. Secretary, Are You There Feentialy Saying That The Trump Administration Is Comfortable to Have Consumers Pay More For Goods in America? ” Welker Asked.

“What I'm saying is the American Dream is not, 'Let Them Eat Flat Screens,'” Bessent Said. “That If … American Families Aren'T Able to Afford A Home, Don't Believe That Their Children Will Do Better Than Three Are. The American Dream is not contingent on cheap bobbles they get from China. “

Bessent seemed to predict that the economy Will recovery in the future Thanks to Trump Policies, Despite The Administration's Recent Policies – Including Tariffs Seemingly Driven by the President's Thirst For Revenge – Driving the Drop in Market Value.

“We've Been in For Eight Weeks,” he Said. “We're putting the polycies in place that will make the affordability crisis go down, moderate inflation… as we set the sails, I am confident that the American people Will as Our Way.”

The American People Are Not on Trump's Side Right Now. When it comes to the economy, 54 percent of voters disapprove of how he has has handled the economy While only 44 percent approve in an NBC News poll released Sunday. Trump's Raws On Inflation and Cost of Living Are Similar, with 55 percent disapproving and only 42 percent approving. Those numbers are a significant shift from prior polls Where the majority of American supports Trump's handling of Economic Issues.

Bessent, A Forme Hedge Fund Chief, Boasts a Net Worth of At Least $ 521 Million, Including in Homes in the Bahamas and North Carolina Each Worth Bethaeen $ 5 and $ 25 Million, According to His Federally-Rechers Personal Financial Disclosures-ALthough The Actual Amount of His Net Worth is probably even Higher. But While Bessent May Be Somewhat Insulated from the Whims of the Market With Plenty of Financial Cushion, MANY AMERANS WILL Face Job Losses and Lost Retirement Savings Should the Economy Enter to Reception.