The Fake News Media vultures are circling the Trump regime. They want to catch them slipping.
But a reporter tried to corner a Trump admin official and regretted it immediately.
Trump’s Treasury Secretary Slams Reporter For Trying To Corner Him On Recession Fears
Treasury Secretary Scott Bessent addressed concerns about the United States’ economic future during an appearance on NBC’s Meet the Press on Sunday, acknowledging the uncertainty that lies ahead. “There are no guarantees,” Bessent stated plainly when discussing the possibility of a recession striking the nation.
When pressed by host Kristen Welker on whether he could offer reassurance to Americans about the country’s financial stability, Bessent pointed to the unpredictability of past events. “Like who would have predicted COVID?” he asked rhetorically, suggesting that unforeseen circumstances can quickly upend economic forecasts.
Despite the lack of certainty, Bessent expressed confidence in the administration’s approach, saying, “I can predict that we are putting in robust policies that will be durable.” He outlined efforts to reduce the nation’s reliance on what he described as “massive government spending,” aiming to shift away from such fiscal dependence.
Bessent’s cautious stance aligns with other members of President Donald Trump’s administration, including Trump himself, who have similarly avoided making firm commitments about the economy’s trajectory. This hesitancy comes amid growing public unease, with consumer confidence dropping significantly. A recent NBC News poll revealed that 54% of voters disapprove of Trump’s economic management, adding pressure to the administration’s messaging.
Adding to the discussion, J.P. Morgan’s chief economist recently estimated a 40% likelihood of a U.S. recession in 2025, a figure that has fueled further debate. President Trump, when asked about this possibility by Fox host Maria Bartiromo last week, sidestepped a direct prediction. “I hate to predict things like that,” he said, emphasizing instead the scale of his administration’s efforts. “There is a period of transition,” Trump explained, “because what we’re doing is very big.”
Bessent, however, pushed back against the notion that this transition must lead to a downturn. “I believe there’s ‘no reason’ that an adjustment period has to mean recession,” he asserted during his weekend appearance. He framed the administration’s policies as a necessary correction to avert worse outcomes, warning that without change, “I can tell you that if we kept on this track, what I could guarantee is we would have had a financial crisis.” Bessent credited the current leadership with steering the nation toward a more sustainable path.
The Treasury secretary also addressed recent volatility in the stock market, which saw U.S. stocks close sharply lower last week following a turbulent period. The declines were driven in part by uncertainties tied to Trump’s policy proposals, including tariff threats against major trading partners like the European Union. On Thursday, the S&P 500 index fell into correction territory—defined as a drop of at least 10% from its record high set on February 19—after Trump intensified trade war rhetoric.
Despite this, Bessent remained unfazed. Drawing on his extensive experience, he remarked, “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal.” He dismissed the significance of the week’s losses, adding, “One week does not the market make.”
As the administration navigates these economic challenges, Bessent’s comments reveal a strategy focused on resilience and long-term stability, even as public sentiment and market reactions signal unease about what lies ahead.
Things Joe Biden blamed for high gas prices:
– Oil and gas companies
– Mom-and-pop gas station owners
– Vladimir Putin
– The reopening economy
– OPEC
– RepublicansPresident Trump correctly blamed Biden, reversed his policies, and now gas prices are at a four-year low. pic.twitter.com/EH7VaLS4Ew
— Daniel Turner (@DanielTurnerPTF) March 17, 2025
The Conservative Column will update you on any new statements from the Trump administration.
