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