Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’

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Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’ - Fortune

Quick Summary:

The Treasury secretary echoed recent statements from President Donald Trump and Vice President JD Vance.

In an interview on Sunday, Trump also did not rule out a recession, but instead said there would be a “period of transition”—an omen for what would come to pass in the week ahead.

Bessent previously warned of a “detox” for the economy —and he doubled down during his Thursday interview, claiming the economy was always going to have to transition.