Treasury Secretary Bessent Warns of Potential US Recession

Treasury Secretary Scott Bessent acknowledged that there are no guarantees against a recession stemming from current economic policies and external factors like COVID-19. Despite recent stock market fluctuations, Bessent expressed no major concerns, highlighting that market corrections are a common occurrence. President Donald Trump recognized the possibility of economic challenges but currently does not anticipate a recession. Recent stock market indexes have experienced notable declines, with the S&P 500 falling by around 10% and the Nasdaq Composite dropping approximately 14%.