Bessent says he can’t guarantee there will be no recession
Treasury Secretary Scott Bessent said he could not guarantee that there would be no recession as Trump’s trade policies go into effect.
“You know that there are no guarantees, like, who would have predicted COVID, right?” he said Sunday on NBC’s “Meet the Press.” “So, I can predict that we are putting in robust policies that will be durable. And could there be an adjustment, because I tell you, this massive government spending that we'd had that if that had kept going, we have to wean our country off of that, and on the other side, we are going to invigorate the private sector.”

“I had a meeting with small bankers last week, and they are ready to start lending, and I can tell you that Main Street is going to do well,” Bessent said.
-ABC News’ Hannah Demissie