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



