The Trump administration is trying to calm rattled nerves after four straight weekly losses on Wall Street. President Trump’s Treasury secretary, Scott Bessent, told NBC’s “Meet the Press” that market “corrections are healthy” and that he’s “not at all” worried. Over the past month amid an escalating trade war and falling consumer confidence, the Nasdaq […]
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Trump admin tries to calm nerves after Wall Street losses pile up
The Trump administration is trying to calm rattled nerves after four straight weekly losses on Wall Street. President Trump’s Treasury secretary, Scott Bessent, told NBC’s “Meet the Press” that market “corrections are healthy” and that he’s “not at all” worried. Over the past month amid an escalating trade war and falling consumer confidence, the Nasdaq is down 11 percent, the S&P 500 is off by nearly 8 percent, and the Dow has lost more than 6 and-a-half percent. Bessent insisted that “we are going to have a transition,” not a crisis.