Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says ‘everything is working very smoothly’

• After the worst sales in Wall Street Since the first day of the Kuit-9 epidemic, Treasury Secretary Scott Best said he was impressed with the ability to market market for large amounts of pressure.

Treasury Secretary Scott Best noted that the possibility of the market calms the ability to put pressure and reduces the mass stock sales as a short-term response.

In Interview with NBC Meet the press that was broadcast on Sunday, he also gave No indications that President Donald Trump will return From these aggressive tariffs and said there is no fall.

It despite the pricing of the Wall Street with a higher probability of a decline JPMorgan warning tariffs will lead to shrinking GDP This year.

“One thing I can tell you as a treasury secretary, what I am very impressed is the market infrastructure that works very well on Friday,” said Bean.

Friday, Dow Jones Industrial Seatus collapsed 5.5% losing 2,231 pointsS & P 500 sank 6% and Nsdak He crashed by 5.8%, sending a heavy technological index more than 20% on his last high level and put it in the male market.

Thursday as a result of such a market massacre. The two sessions deleted $ 6 trillion in the market cap and celebrated the worst sales in 2020 since the early days of the 19th Sovim epidemic.

Best said: “From time to time we receive the reactions of this short-term market,” Wall Street is consistently underestimating victory, noting the initial stock drop in the 2016 elections.

“And it turned out that he would be the strongest business president in more than one century, perhaps in the history of the country.

When asked what he said to Americans who plan to retire and just saw their portfolios hit a big blow, he released it as a “false story.”

“I think they don’t look at the daily fluctuations of what happened,” said Binent. “And you know that in reality the majority of Americans have no everything in the market.”

60% of their owner’s owner’s shareholders have the most, and 40% of the bonds have increased by 5% or 6% during the year.

“If you look every day, it’s very risky in the week week. In the long run, it is a good investment, “Bedent said.

For decades before retirement, experts say the best course of action is to breathe and Leave them 401 (K) onlyA number

This story was originally shown Fortune.com