(StraightShooterNews.com) – In an alarming admission, Treasury Secretary Scott Bessent has revealed there are “no guarantees” against a recession hitting America under President Donald Trump’s second term.
While the administration faces market turmoil from the tariff war, Bessent remains hopeful their bold economic policies will ultimately strengthen America without triggering a financial crisis.
In a revealing interview, the secretary addressed growing concerns about America’s economic future.
When pressed about the possibility of a recession during President Trump’s second term, Bessent acknowledged, “There are no guarantees. Who would have predicted COVID?”
This assessment comes as economic indicators flash warning signs. The S&P 500 dropped 10% from February highs and unemployment is showing troubling signs of increase.
Market volatility has intensified following President Trump’s implementation of tariffs on foreign trade partners, including Canada and Mexico.
Recently, liberal economists and establishment media outlets have rushed to predict economic doom.
However, Bessent emphasized that these temporary disruptions are necessary steps toward rebuilding American economic independence after years of globalist policies that favored other countries at America’s expense.
Despite acknowledging uncertainty, Bessent expressed confidence in the administration’s approach.
He stated, “There is no reason an adjustment in policies has to lead to a recession.”
This perspective challenges the fearmongering from left-wing critics like former Labor Secretary Robert Reich and failed presidential candidate Andrew Yang, who have been quick to criticize President Trump’s economic leadership.
Bessent remains focused on implementing policies that will make the affordability crisis go down and moderate inflation.
“I’m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great,” the secretary explained.
“We’ve been in for eight weeks. We’re putting the policies in place that will make the affordability crisis go down, inflation moderate…as we set the sails, I am confident that the American people will come our way,” he added.
Bessent also highlighted the administration’s shift away from the massive government spending that defined the previous administration.
Under Joe Biden’s watch, Americans suffered through the worst inflation crisis in 40 years while government bureaucrats expanded their power and spending.
President Trump’s team is now working to bring prosperity back while cutting wasteful government programs that drove the national debt to dangerous levels.
Senator Bernie Moreno (R-OH) has pointed out that many so-called economic experts criticizing President Trump’s policies are influenced by powerful special interests and lobbyists who benefited from the previous establishment approach.
These are the same “experts” who failed to predict or prevent previous economic downturns and who advocated for policies that devastated American manufacturing and shipped millions of jobs overseas.
Commerce Secretary Howard Lutnick has offered additional reassurance, stating that Americans should not brace for a recession despite the temporary market reactions to the administration’s bold policy shifts.
While stock markets have experienced significant losses, including a single-day 890-point drop in the Dow Jones, Bessent described these corrections as healthy adjustments rather than signs of impending crisis.
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