Treasury Secretary Says The Market Underestimates Trump
HuffPost
"There doesn't have to be a recession," Scott Bessent said Sunday.
Treasury Secretary Scott Bessent said “there doesn’t have to be a recession,” and the market consistently “underestimates Donald Trump.”
“There doesn’t have to be a recession,” Bessent said on Sunday’s episode of “Meet The Press.” “Who knows how the market is going to react in a day, in a week. What we’re looking at is building the long term economic fundamentals for prosperity that I think the previous administration had put us on a course for financial calamity.”
He said the market “underestimates Donald Trump,” as he remembers when the stock market crashed the night Trump won in 2016.
After Trump implemented tariffs on almost every country in the world, and the stock market subsequently lost more than $6 trillion in value, Trump wrote on Truth Social to “hang tough.”
“THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN,” Trump wrote Saturday. “HANG TOUGH, it won’t be easy, but the end result will be historic.”
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