Treasury Secretary Scott Bessent said Tuesday that the underlying conditions in the economy are stable and there is no reason why the U.S. should enter into a recession.

Maria Bartiromo asked Bessent on “Mornings with Maria” to clarify his comments made Sunday on NBC News’ “Meet the Press” where Kristin Welker sought a guarantee from Bessent there would not be an economic downturn. “The other day, you were asked a question by another outlet: Can you guarantee that we’re not going to have a recession?” Bartiromo asked.

“Yeah. Well, look, it was a silly question. Can you guarantee there is not going to be a recession? I can’t guarantee anything. I can’t guarantee that the journalist who asked me the question that her news program is going to be on in a year,” Bessent answered. “But, what I can guarantee you is that there is no reason we need to have a recession,” he continued.

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