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Treasury Secretary Scott Bessent says he can't rule out the possibility of a recession

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Treasury Secretary Scott Bessent said on Sunday there are 'no guarantees' there won't be a recession, but expressed confidence in the stock market.
Treasury Secretary Scott Bessent has expressed concerns about the U.S. economy, stating that he cannot rule out the possibility of a recession. In an interview, Bessent highlighted several economic indicators that suggest potential downturns, including persistent inflation, the Federal Reserve's interest rate hikes, and global economic uncertainties. He emphasized the need for vigilance and proactive economic policies to mitigate risks. Bessent's comments come at a time when economic forecasts are mixed, with some analysts predicting a soft landing while others warn of a more severe economic contraction. His cautious outlook underscores the complex economic environment and the challenges facing policymakers in navigating the post-COVID recovery phase.

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[ https://www.msn.com/en-us/money/markets/treasury-secretary-scott-bessent-says-he-cant-rule-out-the-possibility-of-a-recession/ar-AA1B1Vuh ]