NBC's Kristen Welker Corners Trump's Treasury Secretary on $6 Trillion Market Meltdown: Was This The Plan?'

"The markets are organic animals. And you never know what the reaction is going to be. The market consistently underestimates Donald Trump."

"This was the biggest two-day crash since the pandemic. I reject the assumption, there doesn’t have to be a recession."

"We’re looking at building long-term economic fundamentals. This has been years in the making."

"This is a national security issue. President Trump has decided we cannot be at risk like that."

In a recent interview on NBC's Meet the Press, Treasury Secretary Scott Bessent faced tough questions from host Kristen Welker regarding the significant economic consequences of President Trump's new tariffs. Amid a $6 trillion market loss, Welker pressed for clarity on the administration's expectations for such a downturn. Bessent attempted to reassure that market reactions are unpredictable and defended Trump's approach as a measure to ensure national security while emphasizing the long-term strategy despite short-term pain for Americans.

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