US Treasury's Paulson plays down market volatility
WASHINGTON, July 26 (Reuters) - U.S. Treasury Secretary Henry Paulson said the drop in global stock markets on Thursday was a case of volatility in financial markets that is always present.
"We're always going to have volatility," Paulson told Bloomberg Television. "What we see going on right now is risk being repriced and as we get a broad reassessment of risk we're getting volatility."
Paulson said the U.S. economy was healthy and global expansion was strong and said that was comforting but suggested it also had led investors to be less cautious.
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