Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says ‘everything is working very smoothly’

Quick Summary:

Bessent said "what I've been very impressed with is the market infrastructure, that we had record volume on Friday".

And we went on to very high after-inflation returns for the next four years," Bessent said.

That followed similar market carnage on Thursday.

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Article Details

Author / Journalist: Jason Ma

Category: EconomyBusiness

Markets: United States

Topics: U.S. Department of the Treasury Tariffs and trade Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 16:57:02 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 105 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 27626427

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Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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