On Sunday, the Secretary in the United States of the Treasury, Scott Bessent, described the corrections of the asset as healthy market, which suggests greater pain tolerance before the adoption of highly anticipated political support or so-called `Trump” for the market.
“I have been in the investment sector for 35 years, and I can tell you that the corrections are healthy, they are normal,” said Bessent on NBC’s meet the press on Sunday, according to Bloomberg. “I do not worry about the markets. In the long term, if we put a good tax policy in place, deregulation and energy security, the markets will be very good.”
Bessent’s commentary contradicts the popular belief that the Trump administration will quickly develop any fire from the political movements of the administration, in particular the commercial prices. President Donald Trump also recently clarified his position, saying that he was not looking at the stock market.
The Wall Street technological index, the NASDAQ, and the S&P 500, took the correction last week, falling by more than 10% of their summits in February mainly on the concerns that Trump prices could slow economic growth while leading to sticky inflation.
Bitcoin (BTC) also moved, down almost 25% compared to the record heights greater than $ 109,000 in January, according to Coindesk indices, following the risk on Wall Street and by digesting the disappointment of the absence of new BTC purchases as part of the Trump strategic strategic strategic plan.
The risk has increased the expectations of political support from the government or the federal reserve (Fed), in particular in the cryptographic community.
However, taking Bessente suggests that it can take longer to manifest or require larger market reductions before any action is taken. The Treasury Secretary said last month that the Trump administration focused on reducing the 10 -year treasure note, which influences most long -term loans of the economy.
Meanwhile, the president of the Fed, Jerome Powell and his colleagues, stressed at the beginning of the month that they were looking at to see the “net effects” of Trump policies on the economy and are not in a hurry to reduce rates.
Officials will meet for a rate review this week, with the decision due Wednesday.
