Treasury Secretary Scott Bessent has stated that the administration is focused on the long-term health of the economy, prioritizing gains over short-term market fluctuations. Speaking with CNBC’s Sara Eisen, Bessent emphasized that the government aims to create an environment conducive to long-term growth and stability.
Bessent expressed confidence in the market’s ability to recover from recent volatility, citing the importance of taking a medium- to long-term perspective. He noted that while short-term market movements can be risky, proper policies can lay the groundwork for sustained economic gains, including income increases, job growth, and asset appreciation.
The comments come as markets continue to experience turbulence, largely driven by President Donald Trump’s frequent moves on tariffs against key trading partners. Despite this, Bessent remains optimistic about the long-term prospects of the economy, suggesting that recent inflation data could be a positive development for market confidence.
According to Bessent, a decline in wholesale inflation and consumer price rates may indicate that inflation is stabilizing, allowing the market to regain confidence.
Source: https://www.cnbc.com/2025/03/13/treasury-secretary-bessent-said-the-white-house-is-focused-on-the-real-economy-and-not-concerned-about-a-little-market-volatility.html