Treasury Secretary Scott Bessent arrives at the U.S. Capitol on April 2 in Washington, D.C. Bessent met with Senate Republicans ahead of President Donald Trump's announcement on a new round of tariffs.

US Treasury secretary Scott Bessent said “there doesn’t have to be a recession,” and the market consistently “underestimates Donald Trump.”

“There doesn’t have to be a recession,” Bessent said on Sunday’s episode of Meet The Press. “Who knows how the market is going to react in a day, in a week. What we’re looking at is building the long term economic fundamentals for prosperity that I think the previous administration had put us on a course for financial calamity.”

He said the market “underestimates Donald Trump,” as he remembers when the stock market crashed the night Trump won in 2016.

After Trump........

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