Amid a $5 trillion loss in the U.S. stock market over the last three weeks due to tariff threats and rising inflation, Treasury Secretary Scott Bessent has characterized the market drop as ‘healthy’ and ‘normal.’ In a Sunday interview on NBC’s Meet the Press, Bessent conveyed no concern about the markets, asserting that long-term benefits will arise from good tax policy, deregulation, and energy security. When questioned about the potential for a recession, Bessent did not rule it out but highlighted the administration’s focus on durable policies. He also addressed rising consumer costs, stating that the American dream is not contingent on cheap goods from China. Despite the recent market turmoil attributed to the administration’s policies, Bessent remains confident in future economic recovery. Public opinion, however, reflects disapproval of Trump’s economic management. — news from Rolling Stone
