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Finance Minister Scott Baby has been performing on CNBC on March 13, 2025.
Cnbc
Treasury Secretary Scott Igent said Trump’s administration is more focused on long -term health and markets, not short -term factories on Thursday.
“We focus on a real economy. Can we create an environment where there are long -term profits and long -term income for the American people?” The infant said on “Squawk on the street” CNBC. “I’m not concerned a little volatility for three weeks.”
Comments come with markets in a state of upheaval, to a large extent oriented president Donald Trump on tariffs against major US trading partners such as Canada, Mexico and China. The main average indicators moved to the correction, since the last month Dow Jones Industrial average lost more than 7%.
While the infamous said that the administration was carefully treated for market movements, it predicted that both the real economy and the markets would bloom over time.
“The cause of the stock is a safe and big investment because you are looking for in the long run. When you start looking at micro-gorizons, stocks become very risky. Therefore, we focus on the middle and long term,” he said in an interview with Eisen CNBC. “I can tell you that if we put a proper policy on the spot, it will lay the foundation for both real income and profit growth, as well as for assets.”
The reserves were again changing in the morning trade, and the average even when they talked to the free.
Earlier in the morning, the Labor Statistics Bureau reports that in February, wholesale inflation was equal, which is much lower than the Wall -Rest expectations by an increase of 0.3%. After that, a report on Wednesday was reported, which showed that the consumer price speed also pushed below, submitting some welcome news amid concern that Trump’s tariffs would aggravate inflation.
“Perhaps inflation is under control, and the market will have some confidence,” said the inflation.