US Treasury Secretary Scott Bessent calls corrections normal, suggesting a higher pain stranger for ‘Trump put’

On Sunday, US Finance Minister Scott Bessent Asset described Market corrections as Healthy, which suggests that a greater tolerance of pain before the long-standing political support or the so-called ‘Trump sets’ for the market has been adopted.

“I’ve been in the investment business for 35 years and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday at NBC’s meeting the press, according to Bloomberg. “I’m not worried about the markets. In the long term, if we put good tax policy in place, deregulation and energy security, the markets will do well.”

Bessent’s comment contradicts the popular belief that the Trump administration will quickly extinguish any fire that stems from the political movements of the administration, especially trading tariffs. President Donald Trump also recently clarified his attitude and said he is not looking at the stock market.

Wall Street’s Tech-Tongue Index, Nasdaq and S&P 500 entered correction last week and fell over 10% from their heights in February predominantly about concern that Trump’s tariffs could curb economic growth while led to sticky inflation.

Bitcoin (BTC) has also beaten a Christmas, nearly 25% from record heights over $ 109K in January, according to Coindesk Indices data, which tracks risk-off on Wall Street and digest disappointment over the absence of fresh BTC purchases under Trump’s strategic digital assets reserve plan.

Risk-off has Revved expectations for political support from the government or the Federal Reserve (Fed), especially in the Crypto Society.

However, Bessent’s Take suggests that it may take longer to manifest or demand more significant market drop before any action is taken. The Treasury Secretary said last month that the Trump administration is focused on lowering the yield of the 10-year Ministry of Finance, which affects most long-term loans in the economy.

Meanwhile, Fed -Chairman Jerome Powell and his colleagues emphasized early this month that they look to see the “Net effects” of Trump’s policy on the economy and is in no hurry to reduce the rates.

Officials will meet for an interest rate review this week with the decision that is due Wednesday.

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