Treasury Secretary Scott Bessent said on Sunday there are 'no guarantees' there won't be a recession, but expressed confidence in the stock market.

There are “no guarantees” there will not be a recession in the US, although there could be an adjustment, Treasury Secretary Scott Bessent said in an interview that aired on Sunday. But Bessent, speaking to NBC’s “Meet the Press,” ruled out the chance of a financial crisis.

U.S. Treasury Secretary Scott Bessent said there are "no guarantees" when asked during a Sunday interview whether he could "guarantee" the American public that the country will not see a recession during President Donald Trump 's term. Newsweek reached out to the Treasury Department's press office for comment on Sunday.