President Trump’s top economic officials on Sunday dismissed growing investor fears of inflation and recession, according to Bloomberg. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and others asserted that Trump remains committed to global import tariffs. Bessent said that “there’s no reason to price in a recession.” Trump posted golfing videos and told followers to hang tough while officials called market panic overblown. The administration framed the tariffs as a core part of Trump’s long-term economic vision, one he views as essential to restoring American manufacturing.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's top economic officials on Sunday dismissed growing investor fears of
00:06inflation and recession, that according to Bloomberg.
00:08Treasury Secretary Scott Besson, Commerce Secretary Howard Lutnick,
00:13and others asserted that Trump remains committed to global import tariffs.
00:17Besson said that there's no reason to price in a recession.
00:20Trump posted golfing videos and told followers to hang tough,
00:23while officials called market panic overblown.
00:26The administration framed the tariffs as a core part of Trump's long-term
00:30economic vision, one he views as essential to restoring American manufacturing.