Nothing panic: it will not be two days of turbulence on the markets to decree the failure of the economic revolution of Donald Trump and it will not be possible to recession. To support it was the secretary of the American treasure, Scott Bessentin an interview with the NBC.
“I reject this conclusion: there must be no recession,” he assured. The market constantly underestimates Donald Trump, “Besent assured. He does not worry “how the market will react in one day, in a week. What we are doing is to build the long -term economic fundamentals for the prosperity »of the USA.
Besset then insisted that the Trump administration will not change broken on duties and interventions to lower inflation, without unbalanced how long it will take. The current one “is an adjustment process,” he explained, how when the then president Ronald Reagan made inflation drop after the difficulties of the Jimmy Carter’s era said: “There was a little bit of agitation, but he kept the bar straight and we intend to keep it too”.
The minister then rejected the concerns that Americans close to retirement could have for an imminent possible recession. “I think it’s a false narrative,” he said, “I don’t think the Americans who want to retire right now look at daily fluctuations.”
Citizens “have a long -term vision. The reason why the stock market is considered a good investment is because it is long -term. If you look day by day, from week a week, it is very risky. In the long term, it’s a good investment, “said Bessent.