US Treasury Secretary: "There is no guarantee that the economy will not decline" but the current correction is harmless, and someone must put the brakes on it before the financial crisis

Affected by the Trump administration's tariff policy, the recent market has been violently turbulent, inflation and economic slowdown doubts have intensified, U.S. Treasury Secretary Scott Bessent said on the 16th that there is no guarantee that the U.S. economy will not fall into recession, but the economic policy pursued by the Trump administration is aimed at ensuring that there is no new round of financial crisis. (Synopsis: Bridgewater Dario warns of a huge crisis in U.S. debt, Trump talks with top 100 CEOs: the economy will not decline, and raising tariffs will benefit the United States) (Background supplement: Trump's gamble does not hesitate to trigger a recession, what is he planning? U.S. Treasury Secretary Scott Bessent said on the 16th that the current focus of the Trump administration is to prevent a financial crisis that may be caused by large-scale government spending in the past few years, and if the government continues to maintain such a level of spending, it is bound to encounter a financial crisis: I have studied this problem and taught it, and this spending model is completely unsustainable, we are resetting it and putting everything back on the path of sustainable development. Since taking office, Trump has made it a priority to clean up government finances, creating the Department of Government Efficiency, led by Elon Musk, to push for layoffs and early retirement incentive programs in multiple federal agencies. However, in Trump's first month in office, the U.S. debt and fiscal deficits worsened, with the budget deficit topping the $1 trillion mark in February, and Bessent stressed that while the administration is taking steps, there is "no guarantee" that the economy will not fall into recession: Without any guarantees, who can predict COVID? What I can predict is that we are developing sound policies that will be enduring, so will there be adjustments? I tell you, if this huge government spending continues, we have to get the country out of this situation. Market pullback is healthy Recently, U.S. stocks, cryptocurrencies and other markets have experienced sharp volatility, partly due to the Trump administration's implementation of a wide range of tariffs, sparking inflation and economic slowdown fears, the S&P 500 index has fallen more than 10% from its February high as of last Thursday, entering a technical correction, market volatility has risen sharply. However, Bessent believes that a pullback like the current market is "harmless" and believes that Trump's pro-business policies will promote the development of the market and the economy in the long run: I have 35 years of experience in the investment field, I can tell you that the market pullback is actually healthy, this is normal, the real unhealthy is that the market only rises and does not fall, when investors fall into a state of excessive optimism, it is the root cause of the financial crisis, if someone stepped on the brakes in 2006 or 2007, then we would not have 2008 Years of questions. I'm not worried about the market, and in the long run, as long as we have good tax policy, deregulation, and energy security, the market will perform very well, and I've always believed that a week's market movements don't determine the overall market's performance. Related reports The United States and Canada resumed trade talks this week, former Treasury Secretary Summers: The probability of falling into recession this year is nearly 50%, worrying about the US recession" The two safe-haven currencies of the yen and the Swiss franc rose sharply, and the cherry blossom season cried before the wallet Bitcoin fell below 80,000 reasons? White House Crypto Summit Mixed Review, Trump Tariff War Deepens Recession Worries U.S. Stocks Plunge [U.S. Treasury Secretary: "There is no guarantee that the economy will not decline" but the current pullback is harmless, someone must step on the brakes before the financial crisis" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".