No ‘Trump Put’, but policies are expected to support the markets, says Treaso Besunt

The Secretary of the Treasury, Scott Besent, on Monday (March 10) dismissed the idea that President Donald Trump would intervene to avoid the fall of the stock market, affirming on Friday that “it is not established” in its place. Instead, he emphasized that market profits would be driven by strong policies, as reported by CNBC.

Despite an initial increase after Trump’s elections last November, the stock market has delivered those profits. The Dow Jones industrial average has currently dropped approximately 2% since the inauguration, experiencing the volatility driven by changing headlines.

Speculation about a so -called “Trump put”, where the administration could intervene to support the market, was rejected by Besent during an interview in the CNBC Squawk box. He clarified that the administration approach focuses on fostering the economic policies that markets naturally drive.

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Although Trump previously supervised the performance of the stock market as an economic indicator, Besent said that the administration is now paying more attention to bond yields as a measure of inflation trends and the general alignment of the market with the objectives of the policy.

“Did the Administration Biden succeeded? The American people were not buying it alone because the market was awake,” said Besent, adding: “They viciled the Democrats.”

Also read: USA