Trump Administration Moves to Soothe Market Jitters

Playbook: “Treasury Secretary Scott Bessent will seek to reassure global markets this morning as the White House shifts to full-on defense-mode on the economy. Bessent — basking in his role as the Trump administration’s reassurer-in-chief — will discuss ‘the state of the global financial system’ in a keynote speech at 10 a.m., part of the weeklong IMF and World Bank spring meetings.”

“Given the economic backpedalling we’ve seen from President Donald Trump and co. these past 24 hours, you can guess what type of message he’ll be looking to send.”