Scott Bessent says he’s not worried about the stock market’s ‘healthy correction,’ insisting the Trump administration is only trying to avoid an even bigger financial crisis

Quick Summary:

The stock market saw its first correction since 2023 last week.

The S&P 500, which tracks the broader market, fell into a correction last week by dropping 10% from the all-time-high it set earlier this year.

Bessent told NBC that had the U.S.remained at its large spending levels, it would have a guaranteed financial crisis.

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Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets: United States

Topics: Tariffs U.S. Department of the Treasury Economy Donald Trump Tariffs and trade American Politics Recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 11:05:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 596 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 149 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27147336

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Official Website: fortune.com

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