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Treasury Secretary Bessent says there are 'no guarantees' there will not be a US recession

  • Treasury Secretary Scott Bessent reported that there are "no guarantees" that a recession will not occur due to current economic policies and external factors like COVID-19.
  • Despite stock market fluctuations, Bessent stated he was "not at all" worried and emphasized that market corrections are normal.
  • President Donald Trump acknowledged the potential for economic pain but later claimed he does not foresee a recession.
  • Recent stock market indexes have seen significant drops, with the S&P 500 decreasing by approximately 10% and the Nasdaq Composite down about 14%.
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The US Secretary of the Treasury Scott Bessent defines the decline in the stock market as' healthy '. Discover the New York Times analysis of Trump and Bessent's policies.

·Milan, Italy
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Fortune broke the news in New York, United States on Tuesday, March 4, 2025.
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