Scott Bessent on Market Swings: “Corrections Are a Natural Process”
Bessent stands by his stance that market turbulence cleanses excess speculation, making the financial system stronger in the long run.
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Scott Bessent has outlined a strategy for economic resilience, focusing on tax reforms, deregulation, and energy security, Bloomberg reports. He insists that these steps will ensure stability, even amid short-term market volatility.
Although capital outflows have increased in recent weeks, Bessent dismissed concerns, stating that such movements are a routine part of market behavior.
I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,
he stated on NBC’s Meet The Press.
Check this out: U.S. Treasury Welcomes Scott Bessent, a Strong Voice for Crypto
Markets Plunge, But Bessent Sees Opportunity in the Dip
As of this report, the S&P 500 had fallen 8% over the past month, with Bitcoin dropping more than 14%.
Scott Bessent dismissed concerns, stating that market downturns clear out excess speculation, setting the stage for a more sustainable recovery.
Related: Bitcoin Stuck in a Range: What’s Next?
I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great,
Bessent remarked on NBC’s Meet The Press.
For Scott Bessent, the real concerns of American families boil down to affordable housing, car ownership, and rising wages—priorities that should shape the government's economic agenda.
Yet, according to Financial Times, some analysts see trouble ahead, citing the uncertainty of Trump’s evolving tariff wars.
- Joe Brusuelas, Chief Economist at RSM US, warns that expanded tariffs could increase consumer costs, pushing inflation even higher.
- Meanwhile, Vincent Reinhart, Chief Economist at BNY Investments, notes that tariff effects don’t appear immediately, complicating efforts to assess the economy’s true condition.
All Eyes on the Fed: What Will Happen to Interest Rates?
Investors are bracing for the Federal Reserve’s key meeting on March 19, where the central bank will assess inflation trends and economic growth. Fed Chair Jerome Powell insists that rate decisions will be based on real data, not future forecasts.
Сheck this out: Bitcoin at $83,000—Markets Await Federal Reserve Policy Update
However, analysts like Joe Brusuelas and Vincent Reinhart warn that global economic uncertainties make the Fed’s task even more challenging.
According to CME FedWatch Group, the consensus is that the Fed will maintain the current rate. But surprises aren’t off the table, and a last-minute shift could spark intense market discussions.
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