TechFlow news, on March 17, according to Jinshi Data, after U.S. President Trump last weekend refused to guarantee that the U.S. economy would not contract, U.S. Treasury Secretary Bessent said in an interview on Sunday (the 16th) that he could not guarantee the U.S. economy would avoid a recession. However, Bessent ruled out the possibility of a financial crisis during an NBC interview. When asked whether he could guarantee there would be no economic recession under Trump's administration, Bessent responded: "You can't guarantee it. (Just like) who could have predicted the pandemic?" Bessent said he is pursuing sound policies designed to last, adding that the country needs to gradually move away from what he called massive government spending. Asked whether such adjustments might lead to a recession, Bessent said: "There's no reason why that has to happen." Bessent dismissed concerns over the recent decline in U.S. stocks, calling the market correction healthy and stating that markets will "be in good shape" if the government implements sound tax policies, deregulation, and energy security.
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