Treasury Secretary Bessent Acknowledges Economic Uncertainty, Calls Market Adjustments 'Healthy'

Scott Bessent says there are no guarantees the U.S. will avoid a recession but expresses confidence in long-term market stability.

Treasury Secretary Scott Bessent stated on NBC's 'Meet the Press' that he cannot guarantee the U.S. will avoid a recession during President Trump's term.
Bessent characterized recent stock market fluctuations as 'healthy' and 'normal,' emphasizing the importance of long-term economic policies like tax reform and deregulation.
The stock market experienced significant volatility over the past week, with major indexes losing 2-3% for the week but closing Friday with gains.
Concerns about a potential recession have grown due to tariffs imposed by the Trump administration and declining consumer sentiment, according to economists and market analysts.
Bessent highlighted efforts to reduce government deficits responsibly and transition wealth back to the private sector, while acknowledging the challenges of navigating economic adjustments.