Treasury Department Secretary Scott Bessent said on Sunday that he is “not worried about the markets” after a rough week for the stock market. “I can tell you that corrections are healthy, they’re normal,” Bessent told NBC’s Kristen Welker on “Meet the Press.” “What’s not healthy is straight up, that you get these euphoric markets.…

Summary

Treasury Secretary Scott Bessent said he is “not worried about the markets” despite a sharp downturn, calling corrections “healthy” and warning against unchecked growth.

His remarks follow a volatile week where the Dow dropped 890 points (2.1%) amid recession concerns.

Former Treasury Secretary Larry Summers now sees recession odds “close to 50/50,” citing poor economic policies. Stocks have fallen due to weak economic data and shifting Trump administration tariff policies.