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

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• Treasury Secretary Scott Bessent said he was not worried about the stock market, as the S&P 500 faced its first market correction since 2023 last week. Bessent said “corrections are healthy,” adding the Trump administration’s policies, largely seen as driving market uncertainty, are necessary for long-term sustainability. 

Treasury Secretary Scott Bessent is not worried about the first stock-market correction since 2023, and he says it’s actually “healthy” to have a downturn now to avoid a crisis later.