“Bessent’s take sugggests that “Trump” may)”, – WRITE: www.coindesk.com
“I’ve been in the investment Business for 35 Years, and I Can Tell You That Corrections Are Healthy, They Are Normal,” Bessent Said Sunday On NBC’s Meet The Press, Access to Bloomberg. Over The Long Term, If We Put Good Tax Policy in Place, Deregulation and Energy Security, The Markets Will Do Great. ”
Bessent’s Comment ContraDicts Popular Belief That Trump Administration Will Quickly Douse Any Fire Stemming from the Administration’s Policy Moves, Particularly Trade Tarifs. President Donald Trump Also Recently Clarified His Stance, Saying He Is Not Looking at the Stock Market.
Wall Street’s Tech-Heavy Index, Nasdaq, and The S&P 500 Ented Correction Last Week, Falling Over 10% from Their February Highs Prelinantly To Sticky Inflation.
Bitcoin (BTC), Too, Has Taken A Beating, Down Nearly 25% from the Record Highs Above $ 109k in January, Accounting To Coindesk Indices Data, Tracing The Risk-Off Ann. of Fresh BTC Purchases Under Trump’s Strategic Digital Assets Reserve Plan.
The Risk-Off Has Revved Up Experts of Policy Support From The Government or The Fedral Reserve (Fed), Particularly in the Crypto Community.
However, Bessent’s Take Suggests that It May Take Longer to Manifest or Require More Significant Market Declines Before Any Action Is Taken. The Treasury Secretary SAID LAST MONTH THAT ADMINISTRATION IS FOCUSED ON LOWERING The YIELD on the 10-YEAR Treasury Note, Which InfluenCes MOST Long-Term Loans in the Economy.
Meanwhile, Fed Chair Jerome Powell and His Colleagues Stressed Early This MONTH THAT WATCHING to See The “Net Effects”
Officials Will Meet for a Rate Review this Week, with The Decision Due Wednesday.
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