Scott Bessent says he’s not worried about the stock market’s ‘healthy correction,’ insisting the Trump administration is only trying to avoid an even bigger financial crisis

• Treasury Secretary Scott Bsess Said he was not worried about the stock market, because S & P 500 was facing the first correction of the market since 2023 last week. Bsessent says “Healthy corrects,” adding Trump administration policies, which appear to be uncertain in the driving market, needed for long continuing.

The Treasury Secretary Scott Bosstsnt doesn’t worry about the first stock-market correction since 2023, and he said it is “healthy” to avoid a crisis later.

The S & P 500, which tracks the wider market, falls into a correction Last week by dropping 10% from all time-high it is set in earlier years. The tech-heavy Nasdaq and bow Jones also died on March 13, before all three major indices closed on Friday.

However, it is written in an interview with NBC‘s “met the press” Said there is “no guarantee” no recession. He said he was not worried about the stock-market swing-market and added an improvement today can be positive for a long time.

“I’m in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal,” he said NBC. “What is not healthy straight, you get these euphoric markets. Thus your crisis work. It’s more healthy if there are brakes in ’08.

Bussent’s comments come as Trump administrative policies to tariffs and fixes of tariffs, including Mass and Spend ExpensesRATTLE investor’s trust. Since the FED may not make major changes in interest rates at this FOMC week meeting, a clear message from the administration can be key to market analysis.

“If the administration provides a clear message they are willing to adjust the policy to support the economy or that they are prioritized to the more friendly parts of their agenda,” the analysts are promptly growing, “the analysts write.

It is unclear if the Trump administration is willing to stray from Tariff policy, which finds it a wide 25% tariff of steel and aluminum implementing characters in return from countries Like Canada. Despite the fall of the market, however, the Trump and his officers like Bessent as there is no clothes on the hope of a long progress.

In the first month of the office trump, reduced spending but it was more preferred by income, with a federal disability that increased $ 307 billion in February, Up 3.7% year-over-over-over-over-over-over-over-over-over-. Bussent said NBC That’s what keeps US staying at a large degree of expenditures, there is a guaranteed financial crisis. He added new actions to Trump Administration needed to avoid an incoming crisis.

“We reset, and we put things on the lasting path,” he told NBC.

Despite the recent market increase, analyst at Evercore See more S & P 500 skyrocketing at 6,800 from the current 5,690 at the end of 2025. However, at the worst GDP growth over 3% can carry a period of collapse See that on S & P 500 – even below 5,700 levels it was recorded when Trump was selected in November.

“A transfer material below 5,700 unchanged from Washington Signals that are less concerned with stocks, more concerned with radical change regardless of Evercore Markets.

Today, the bossent shooks any fear of a long-term enjoyment of markets and says he believes the Trump administration will win the Americans.

“I am not worried about markets. In the long term, if we place good tax policy, deregulation and energy security, markets do good,” says Bosters. “I say that in a week not to make the market.”

This story originally shown Fortune.com

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