Scott Bessent says U.S. will not enter recession despite some sectors showing warning signs

NBC NewsSunday, November 23, 2025 at 2:41:07 PM
PositiveU.S News
Scott Bessent says U.S. will not enter recession despite some sectors showing warning signs
  • Treasury Secretary Scott Bessent expressed optimism regarding the U.S. economy during an interview on Meet the Press, despite acknowledging economic struggles in the housing sector and interest rate-sensitive areas that are currently in recession. He believes the economy will not enter a recession and remains hopeful for recovery by 2026.
  • Bessent's perspective is significant as it reflects the government's stance on economic resilience, which may influence public confidence and investment decisions. His comments come at a time when economic indicators are mixed, raising concerns among analysts and the public alike.
  • The contrasting views on the U.S. economy highlight ongoing debates about the effectiveness of current monetary policies and the potential need for intervention by the Federal Reserve. While some experts warn of escalating economic pain without timely interest rate cuts, Bessent's optimism suggests a belief in the economy's ability to rebound, reflecting a broader tension between caution and confidence in economic forecasts.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Here's the biggest news you missed this weekend
NegativeU.S News
President Donald Trump intensified tensions in the ongoing Ukraine-Russia peace talks by accusing Ukrainian leaders of showing 'zero gratitude' for U.S. support, coinciding with U.S. officials' efforts in Geneva to present a united front. This remark comes as Trump pushes for acceptance of a controversial peace plan that includes significant territorial concessions from Ukraine.
G20 summit closes in South Africa after U.S. absence
NegativeU.S News
The G20 summit in Johannesburg concluded without a ceremonial handover to the United States, which boycotted the event, leading to heightened diplomatic tensions. The absence of U.S. representation marked a significant deviation from the traditional transition of leadership among G20 nations.
Vindman’s call to release Trump-MBS transcript reopens old questions in US-Saudi relationship
NeutralU.S News
Former National Security Council member Eugene Vindman has called for the release of a transcript from a 2019 phone call between former President Trump and Saudi Crown Prince Mohammed bin Salman, particularly in light of the ongoing scrutiny surrounding the assassination of journalist Jamal Khashoggi. This demand has reignited discussions about the U.S.-Saudi relationship and Trump's foreign policy decisions during his presidency.
Treasury secretary says there won't be a recession in 2026
PositiveU.S News
Treasury Secretary Scott Bessent expressed confidence in the U.S. economy, stating in an interview with 'Meet the Press' that he does not foresee a recession in 2026, despite some sectors showing signs of economic strain. He emphasized his optimism regarding future economic performance.
Bucha's sense of betrayal over peace plan's amnesty clause reflects a dark mood across Ukraine
NegativeU.S News
The Kyiv suburb of Bucha, marked by mass graves and the scars of Russian occupation, is grappling with a sense of betrayal as a U.S.-led peace proposal suggests a blanket amnesty for war criminals. This proposal has left residents, who have endured significant trauma, feeling abandoned and anxious about the implications for justice and accountability.
Treasury secretary says there won't be a recession in 2026
PositiveU.S News
Treasury Secretary Scott Bessent stated that he does not foresee a recession in the U.S. by 2026, expressing confidence in the economy during a recent interview. He acknowledged some sectors are experiencing economic strain but remains optimistic about overall recovery.
Ukraine, Western allies meet to discuss U.S. peace proposal
NeutralU.S News
Ukraine and several Western allies convened in Geneva to deliberate on a U.S. peace proposal aimed at resolving the ongoing conflict with Russia, which includes significant concessions to Moscow. This meeting highlights the complexities of international diplomacy in the context of the war that has persisted since Russia's invasion nearly four years ago.
Amy Klobuchar says Trump’s Ukraine peace plan ‘very favorable to Russia’
NegativeU.S News
In an exclusive interview with Meet the Press, Senator Amy Klobuchar criticized former President Trump's proposed 28-point peace plan for Ukraine, asserting that it is excessively favorable to Russia and lacks accountability for Russian actions in the ongoing conflict. Klobuchar's remarks reflect growing concerns among U.S. lawmakers regarding the implications of the plan for Ukraine's sovereignty.