Treasury Secretary Scott Bessen, a former hedge fund manager, said that he was not worried about the last contraction that was wiped trillions of dollars from the stock market, as the United States seeks to reshape its economic policies.
“I have been in investment 35 years ago, and I can tell you that the corrections are healthMeet. “I am not worried about markets. In the long run, if we set a good tax policy in place, cancel organizational restrictions and energy security, the markets will work wonderfully.”
thesaleThis came in the S& P 500 index in correcting last week amid fears of investors about the economic effects of the Trump administration’s movements about definitions, migration and wounds to the federal government. The losses in the stock markets deepened with fears of escalating growth and consumer tensionFeelings.
“We are putting policies in its place that will make the ability to withstand costs decrease, moderate enlargement, and while we put the sails, I am sure that the American people will come on our way,” said Pesin, who was running the Key Square group before joining the administration.
With the expansion of President Donald Trump’s policy, consumers through the political spectrum became increasingly concerned that additional duties will lead to high costs. The global tariff is now on steel and aluminum, and there is a deadline on April 2, hanging to the broader fees.
Read more:Here is the outcome of the tariff and definition threats to Trump
While inflation cools last month, any continuous receipt of price pressures risk causes families to reduce estimated purchases.
In the interview, Bessent said that the American dream does not depend on the ability to buy cheap goods from China. Instead families want to bear a house and see their children better than they are.
“It is a hostage mortgage, it’s cars, it’s real wages,” he said.
Questions about building the American economy, Federal Reserve officials are scheduled to meet this week. Federal Reserve Chairman Jerome PowellAssureEarlier this month, the central bank does not need to be in a hurry to reduce prices, but it is likely to be pressured about the uncertainty and risks arising.
This story was originally shown on Fortune.com
