Treasury Secretary Denies Possibility Of Incoming Recession: 'I Am Very Confident About 2026'

HuffPostSunday, November 23, 2025 at 10:58:02 PM
PositiveU.S News
  • Treasury Secretary Scott Bessent expressed strong confidence in the U.S. economy, stating during an interview on NBC News' 'Meet the Press' that he does not foresee a recession by 2026, despite some sectors facing economic challenges. He emphasized that the groundwork has been laid for robust, noninflationary growth.
  • This assertion is significant as it reflects the government's stance on economic stability, potentially influencing investor confidence and public sentiment. Bessent's optimism may also impact policy decisions and economic strategies moving forward.
  • The discussion around the economy highlights ongoing concerns about specific sectors, such as housing and interest-sensitive areas, which are currently under strain. While Bessent remains optimistic, contrasting views exist regarding the potential for economic downturns, particularly if the Federal Reserve does not act decisively on interest rates.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Former Sen. Doug Jones launches Democratic bid for Alabama governor
PositiveU.S News
Former Senator Doug Jones has officially announced his candidacy for the governor of Alabama, marking a significant return to the political arena after his previous Senate term. Jones, a Democrat, gained national attention in 2017 when he won a special election against a Republican candidate embroiled in controversy, although he later lost to Tommy Tuberville in 2020.
What’s inside Trump’s Ukraine-Russia peace plan
NeutralU.S News
President Trump has proposed a 28-point peace plan aimed at resolving the ongoing conflict between Ukraine and Russia, emphasizing a Thanksgiving deadline for Ukraine to agree to the proposal. This plan has been developed amid stalled negotiations and is seen as a significant diplomatic effort by the Trump administration.
Trump begins process of designating Muslim Brotherhood chapters as terrorist groups
NegativeU.S News
President Donald Trump has initiated the process to designate certain chapters of the Muslim Brotherhood as foreign terrorist organizations, following an executive order that tasks Secretary of State Marco Rubio and Treasury Secretary Scott Bessent with submitting a report on chapters in Lebanon, Egypt, and Jordan within 45 days.
Trump signs order allowing foreign terrorist designation for Muslim Brotherhood chapters
NegativeU.S News
President Trump signed an executive order allowing his administration to designate certain chapters of the Muslim Brotherhood as foreign terrorist organizations. This order tasks Secretary of State Marco Rubio and Treasury Secretary Scott Bessent with evaluating which chapters may warrant this designation, potentially leading to increased sanctions against them.
Release of Trump Mobile phones plagued by delays
NegativeU.S News
The release of Trump Mobile phones has been delayed for several months, initially scheduled for August 2025, raising concerns about the product's development and market readiness. NBC News reports that the delay has been accompanied by conflicting images of the device and a notable removal of its 'Made in the USA' branding.
NBA's Billups pleads not guilty in poker games case
NeutralU.S News
Chauncey Billups, the head coach of the Portland Trail Blazers and a Basketball Hall of Famer, has pleaded not guilty to charges related to profiting from rigged poker games allegedly connected to mafia figures and another former NBA player. The case raises serious legal questions regarding his involvement in these activities.
Ukrainian freediver sets new record with 282-foot dive
PositiveU.S News
A Ukrainian freediver has achieved a remarkable feat by setting a new record with a dive reaching 282 feet. This accomplishment highlights the diver's exceptional skills and dedication to the sport of freediving.
Woman in 'Slender Man' stabbing found after escape
NeutralU.S News
Morgan Geyser, a 23-year-old woman from Wisconsin, was found after escaping from a group home by cutting off her electronic monitoring device. Geyser gained notoriety for her involvement in the 2014 stabbing of a classmate, an incident linked to the fictional character Slender Man. Authorities reported she was apprehended in Illinois after being missing for a short period.