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

  • Treasury Secretary Scott Bessent stated there are 'no guarantees' that the United States will avoid a recession, emphasizing the uncertainty in current economic conditions.
  • U.S. Stock markets experienced sharp declines amidst concerns over President Donald Trump's tariff policies, which could lead to an economic slowdown.
  • Bessent ruled out a financial crisis but emphasized the need for durable policies and a reduction in government spending.
  • Market analysts noted that the Federal Reserve may need to reconsider economic projections following the implementation of new tariffs.
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Fortune broke the news in New York, United States on Tuesday, March 4, 2025.
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