- On Sunday, Scott News News told Sk.
- “Like, who was expecting Kofid, right?” He said.
- Pesin also expressed confidence in the stock market despite the great fluctuations in the past week.
US Treasury Secretary Scott Bessin said on Sunday during an NBC news interview that “there are no guarantees” will not be a recession. He also expressed confidence in the main stock indicators amid long trade war threats.
“You know that there are no guarantees, like those who expected Covid, right?” I told “Meet the Press” Kristeen Welker. “I can predict that we are setting strong policies that will be solid, and there may be an amendment.”
Pesin said he was “absolutely” concerned about the stock of the stock market, which has volatility since President Donald Trump has increased his identification threats.
“I have been in investment for 35 years, and I can tell you that the corrections are healthy. It is normal,” said Treasury Secretary. “What is unhealthy is straight, and get these exhausted markets. This is how you get a financial crisis.”
“I am not worried about the markets,” continued. “In the long run, if we put a good tax policy in place, cancel restrictions, and energy security, the markets will work wonderfully.”
In recent days, the S&P 500 has decreased more than 10 % from the highest highest levels, while the Nasdaq compound decreased by 14 % from the December 2024 altitude.
Trump, with some exceptions, was imposed by 25 % on a tariff against Canada and Mexico. It also threatened 200 % of the tariff on European wine and lives and put a 25 % tariff on all steel and aluminum imports in the United States. Trump has imposed two rounds of 10 % of the customs tariff on China since February.
Trump recently refused to close the possibility of stagnation. “I hate to predict things like that,” he said during an interview with Fox News earlier this month. “There is a transitional period, because what we do is very big.”
His comments resulted in a decrease in another market. Last week, the president changed his melody, and the White House journalists told that he had not expected a recession.
“I don’t see it at all. I think this country will flourish,” he said. “The markets will rise, and it will decrease. But you know what? We have to rebuild our country.”
