But Trumps treasury secretary,Scott Bessent, said he isnt concerned.
In fact, he claimed the stock market drop is healthy and normal.
Im not worried about the markets, Bessent said Sunday on NBCsMeet the Press.
US Secretary of Treasury Scott Bessent addresses the Economic Club of New York on March 6, 2025.Charly Triballeau/Getty Images
Moderator Kristen Welker asked Bessent, Worst week for the market in two years.
Does that worry you?
Not at all, hesaid.
I can tell you corrections are healthy.
When Welker asked whether he believes arecessionis on the horizon, Bessent didnt rule it out.
There are no guarantees, he said.
I can predict that we are putting in robust policies that will be durable.
What Im saying is the American dream is not, Let them eat flat screens,' Bessent said.
The American dream is not contingent on cheap bobbles they get from China.
