U.S. Treasury Secretary: No guarantee that the U.S. will avoid a recession

ChainCatcher news, according to Jin Shi reports, following last weekend's refusal by U.S. President Trump to guarantee that the U.S. economy would not experience negative growth, U.S. Treasury Secretary on Sunday (16th) also stated that he cannot guarantee the U.S. economy will not fall into recession. However, Bessent ruled out the possibility of a financial crisis in an NBC interview. When asked if he could guarantee that there would be no economic recession during Trump's presidency, Bessent replied, "I cannot guarantee that. (Just like) who could have predicted the COVID-19 pandemic?" Bessent stated that he is implementing robust policies that can endure, indicating that the country needs to gradually move away from what he calls large-scale government spending. When asked if adjustments would lead to an economic recession, Bessent said, "There is no reason for that to be the case." Bessent dismissed concerns about the recent decline in U.S. stocks, stating that the market correction is healthy, and if the government implements good tax policies, relaxes regulations, and ensures energy security, the market "will be in good shape."