Treasury Sec. Bessent: ‘I Can’t Guarantee’ America Will Avoid a Recession/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ Treasury Secretary Scott Bessent said Tuesday that he “can’t guarantee” the U.S. will avoid a recession, adding to concerns about the economy amid Trump’s tariff policies. His comments contrast with Commerce Secretary Howard Lutnick, who insisted there is “no chance” of a downturn. Economists at JPMorgan now see a 40% chance of recession, while former Treasury Secretary Larry Summers warns the risk is rising “every day”. Retail sales and consumer spending have declined, further fueling fears of a slowdown.
https://www.newslooks.com/treasury-sec-bessent-i-cant-guarantee-america-will-avoid-a-recession/
