A crashing stock market is not part of President Donald Trump’s intentional strategy, according to White House National Economic Council Director Kevin Hassett. This statement came after Trump shared a video on his social media platform, Truth Social, suggesting that he was deliberately causing the markets to plummet as part of his broader economic plans. The video, originally from TikTok, claimed that Trump was intentionally reducing the stock market by 20% this month to push cash into treasuries, force the Fed to cut interest rates, weaken the dollar, and lower mortgage rates. However, Hassett clarified that Trump’s focus is on delivering for American workers, stating that a market crash is not part of the strategy.
— new from CNBC
