White House Focused on ‘Real Economy’ Not Market Volatility: Bessent

Contact Your Elected Officials
The Epoch Times Header

The Treasury secretary said current policies are laying the groundwork for economic gains.

The Trump administration is more focused on the “real economy” rather than “a little bit of volatility” in the financial markets, says Treasury Secretary Scott Bessent.

In a wide-ranging interview with CNBC’s “Squawk Box” on March 13, Bessent stated that while President Donald Trump and his team are attentive to market changes, the administration is concentrating on crafting an economic landscape that offers “long-term gains” for Wall Street and the American people.

“We’re focused on the real economy. Can we create an environment where there are long-term gains in the market and long-term gains for the American people?” Bessent said. “I’m not concerned about a little bit of volatility over three weeks.”

Bessent, a seasoned hedge fund manager, said the administration is implementing policies that will “lay the groundwork for both real income gains, job gains, and continued asset gains.”

U.S. stocks have been hammered this month, wiping out trillions of dollars in market value.

The leading benchmark averages extended their losses during the March 13 trading session. The tech-heavy Nasdaq Composite Index and the blue-chip Dow Jones Industrial Average slipped about 1 percent.

The financial markets have been drowning in a sea of red ink on growing inflation expectations and tariff-fueled recession fears.

Trump has been shrugging off the market turmoil.

“Markets are going to go up, and they’re going to go down, but you know what: We have to rebuild our country,” Trump told reporters on March 11.

Last week, the Treasury secretary told the business news network that the United States could undergo a “detox period” after relying on federal spending.

He clarified in his March 13 interview that this does not mean the U.S. economy will slip into a recession.

“Not at all. Doesn’t have to be, because it will depend on how quickly the baton gets handed off. Our goal is to have a smooth transition,” he stated, adding that current government spending levels are “unsustainable.”

By Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Armistice and amnesia  

In case you missed it too, June 25th marked the 75th anniversary of the beginning of the Korean War – the first hot front of the Cold War. 

Candace Owens Gets Sued by Macrons

Candace Owens began a deep dive into the lives of French President Emmanuel Macron, his wife Brigitte, and the story of how they came to be together.

Fluoride ‘Tablets’ For Babies EXPLODE in Popularity Amid Water Fluoridation Rollbacks

Reportedly, NPCs are so distraught that their toddlers won’t be fed a neurotoxin through the public water supply that they’ve resorted to fluoride pills.

ChatGPT Goes Biblical about End Times!

There are some truly outstanding internet content creators, or...

Bangkok Indians: ‘You Are Lucky Man’

In Bangkok, friendly prostitutes outside “massage” shops tell me I’m “so handsome man.” Indian men prowling those streets tell me I’m “lucky man.”

Education Department Probe Finds 5 Virginia School Districts Violated Title IX

Five school districts in No. VA violated Title IX by allowing students to access “intimate, sex-segregated facilities based on subjective ‘gender identity,’”

Washington State Sues to Prevent Trump Admin From Accessing Food Aid Immigration Data

Washington state is suing financial services company Fidelity Information Service to prevent it from sharing food aid data with the federal government.

5 Things to Know About Trump Admin’s Settlement With Columbia University

Under agreement between President Trump and Columbia regarding anti-Semitism, school will pay a $200 million fine to regain federal money.

Trumps America: Welp… that backfired.

The official @TheDemocrats account posted chart with the caption “Trump’s America” — but didn’t seem to notice how their own graph actually works.

Ex-DOJ Officials File Lawsuit Against Bondi Over Terminations

Former DOJ officials filed lawsuit against AG Bondi and the fed. govt, saying they were terminated for work on cases related to Jan. 6 Capitol breach.

Odds of U.S.-EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump

President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Trump Pulls Habba’s Nomination for New Jersey’s Top Prosecutor, Making Her Acting US Attorney

President Trump withdrew his nomination of Alina Habba to serve as NJ’s top federal prosecutor, making her Acting US Attorney.

Trump Says He Wants Musk’s Companies to ‘Thrive Like Never Before’

On Thursday, President Trump said, “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”
spot_img

Related Articles