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.

Treasury Secretary Scott Bessent on Sunday said he is "not worried" about the U.S. markets seeing long-term problems, saying there won't be a financial "crisis."