US Treasury Secretary Addresses Market Concerns

US Treasury Secretary Scott Bessent commented on recent stock market drops, stressing the government's commitment to strong economic policies despite recession fears.


US Treasury Secretary Addresses Market Concerns

Scott Bessent, Secretary of the Treasury of the United States, assured in an interview with NBC that the country is in a transition process and will not face a crisis. His statements came amidst concerns from investors about the instability generated by Trump's changing policies, such as threats of tariffs on key trading partners like Canada and Mexico, which have impacted market confidence and increased fears of a potential recession.

Bessent admitted that "guarantees" cannot be offered that there will not be a recession, adding uncertainty to the current economic situation. However, he emphasized that the Government is working on solid policies and could make necessary adjustments in the economy to maintain stability and growth.

In this sense, the U.S. official dismissed concerns about an imminent recession resulting from adjustments that may be implemented, emphasizing that the goal is to achieve a transition without crisis. Bessent pointed out that the country is in a change process and that the relevant measures are being taken to manage any economic impact that may arise.