After Wall Street sell-off, White House focused on long-term gains

The Trump administration is preaching patience when it comes to consumer confidence and Wall Street.
The financial markets bounced back on Friday, but the S&P 500 and the Nasdaq notched their fourth straight weekly losses. In response to the market sell-off, Treasury Secretary Bessent told CNBC the administration is more focused on “long-term gains” and that he’s “not concerned” about, what he called “a little bit of volatility over three weeks.” President Trump has said his tariffs and trade policies will cause a “disturbance” in the U-S economy.