Treasury Secretary Scott Bessent said on Sunday that he does not believe President Donald Trump’s tariffs are risking a recession.
Stock market averages have plummeted in the days since Trump unveiled his “Liberation Day” tariffs on dozens of countries, boasting a 10% baseline and rates up to 50%, and J.P. Morgan raised the chance of a recession to 60%.
On NBC’s “Meet The Press,” moderator Kristen Welker presented “one of the big questions” during an interview with Bessent. “Recession, as you know, analysts say the chances of a recession are rising in the wake of the tariffs announced this week. Do you believe that President Trump’s tariffs are risking the chances of a recession?” she asked.
“I don’t,” Bessent said. “And I think we could see from the jobs number on Friday that it was well above expectations that, you know, we are moving forward. So I see no…
