On Sunday, U.S. Treasury Secretary Scott Bessent stated that asset market corrections are a healthy and normal occurrence, indicating a greater tolerance for economic pain before the anticipated policy support—or the so-called ‘Trump put’—is enacted.

“I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent mentioned on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”

Bessent’s remarks contradict the common perception that the Trump administration would swiftly intervene to mitigate market downturns resulting from policy changes, particularly regarding trade tariffs. President Donald Trump has previously stated he is not concerned about market performance.

In related news, Wall Street’s tech-heavy index, Nasdaq, along with the S&P 500, recently slipped into correction territory, dropping over 10% from their February highs largely due to fears that tariffs imposed by Trump could hinder economic growth while driving inflation. Bitcoin (BTC) has also seen a decline, plummeting nearly 25% from its January record highs above $109K.

Overall, Bessent’s viewpoint suggests that any necessary policy actions may take longer to initiate and could require more substantial market declines prior to implementation.