UNITED STATE Treasury Secretary Scott Bessent has actually proclaimed “there are no guarantees” that Americans will not encounter an economic downturn throughout President Donald Trump’s 2nd term.
“Mr. Secretary, can you guarantee the American people here and now that there will be no recession on President Trump’s watch?” NBC’s Kristen Welker asked Bessent Sunday on “Meet the Press.”
“You know there are no guarantees. Who would have predicted COVID?” Bessent reacted.
He took place to inform Welker that what he can “predict” is that “we’re putting in robust policies that will be durable.”
“And could there be an adjustment? Because I tell you that this massive government spending that we’d had, that if that had kept going, we have to wean our country off of that,” Bessent included.
Elsewhere throughout the meeting, Bessent sang applauds over a current conference with little lenders, stating, “They are ready to start lending.”
“Main Street is going to do well,” he asserted.
Bessent’s remark followed Trump was likewise examined recently regarding the opportunity of an economic downturn.
“I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing,” Trump stated on “Sunday Morning Futures with Maria Bartiromo.”
Trump included, “And there are always periods of — it takes a little time, it takes a little time. But I think it should be great for us. I mean, I think it should be great. It’s gonna be great ultimately for the farmers.”
Watch a clip from “Meet the Press” listed below.
