Treasury Secretary Scott Bessent said on Sunday that policies initiated by the Trump administration are designed to head off a financial crisis that may be the result of major government spending over the past several years but cautioned there are “no guarantees” that no recession will occur.
There have been concerns that recent policies, such as tariffs, could lead to a financial crisis or a recession. When asked by an NBC News reporter about a recession occurring, Bessent said that the Trump administration is working to prevent a more serious crisis and that there is no reason for a recession to occur.
