For everyone who thinks these market declines are all based on the president’s economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek.
Bessent attributes market declines to external factors rather than Trump's policies.
Share
More from Scott Bessent
Our message is clear: the Trump administration will identify and disrupt any cartel actor who threatens our security or the integrity of our financial system.
Treasury continues to transform how the federal government protects taxpayer dollars by using better data, stronger controls, and advanced technology to stop fraud and improper payments before money goes out the door.
We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.
Unequivocally no cuts in Social Security," he said. "The Trump accounts are a supplement, not a substitute… if they have maintained their Trump accounts into retirement age, then they will also have a substantial nest egg that they can…