‘Corrections are healthy,’ Bessent says, dismissing market worries after a dismal week - MarketWatch
1. Treasury Secretary Bessent believes market corrections are normal and healthy. 2. DJIA fell 3.1% last week, its worst since March 2023. 3. Bessent cites inflation and job cuts as current market concerns. 4. He suggests a transition, rejecting 'guarantees' against recession. 5. Tariff policies are anticipated to stabilize pricing, aiding market recovery.