Treasury Secretary Scott Bessent emphasized that the Trump administration is focused on the long-term health of the economy, not short-term market fluctuations.

He dismissed concerns about recent volatility, stating that the goal is to create an environment for sustained market and economic growth.

Bessent acknowledged market turmoil driven by Trump’s tariffs but expressed confidence that proper policies will lead to long-term gains in income, jobs, and assets, CNBC has reported.

He also noted recent reports showing lower-than-expected inflation, which could boost market confidence.

Written by B.C. Begley