Treasury secretary says there won't be a recession in 2026
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Treasury Secretary Scott Bessent on Sunday said “no” when asked whether the U.S. was at risk of entering a recession in 2026, telling NBC News’ “Meet the Press” he’s confident Americans will feel economic relief next year stemming from President Donald Trump’s tariff agenda and trade deals. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. “I am very, very optimistic on 2026.
AI Summary
Main Idea: Treasury Secretary Scott Bessent said he does not expect a U.S. recession in 2026 and said President Donald Trump’s tariffs and trade deals should help the economy improve next year.
Key Points:
- Bessent said he is “very, very optimistic” about 2026 and expects “strong, noninflationary growth.”
- He pointed to Trump’s tariff plan, trade deals, and domestic policy law as reasons he thinks Americans will see relief.
- Bessent said some parts of the economy, including housing and other rate-sensitive sectors, are already under pressure.
- He also said the recent government shutdown hurt growth and noted that health care costs may come down soon.
Impact on the People
Negative Impact
Households and small businesses may still face high housing costs and pressure in interest-rate-sensitive sectors, and the shutdown showed how policy fights can hurt growth and jobs.
Positive Impact
Bessent says Trump’s tariffs, trade deals, and tax law could support stronger, less inflationary growth in 2026, which may help workers and consumers if the forecast is right.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:
Candidate Entities9 candidates · 5 weighted vote min · 70% decision
- Treasury Secretary Scott BessentpersonPrimaryEvaluated
Central figure in the article; he directly says there will not be a recession in 2026 and explains.
Include 0 (0%)Ignore 0 (0%)5 to threshold - President Donald TrumppersonMajorAI selected
Major referenced political actor whose tariff agenda, trade deals, and economic program Bessent cites as central to the.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Director Kevin HassettpersonContextCandidate
Named administration official quoted on the economy; relevant supporting voice but not the main focus.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Senate Democratspolitical organizationContextCandidate
Referenced as a political bloc in Bessent’s remarks about government shutdowns and filibuster politics.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Senate Republicanspolitical organizationContextCandidate
Referenced as the counterpart in Bessent’s filibuster argument and shutdown-related comments.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Kristen WelkerpersonMinorCandidate
Named interviewer and moderator in the central exchange with Bessent.
Include 0 (0%)Ignore 0 (0%)5 to threshold - The Washington Postmedia outletMinorCandidate
Named publication where Bessent published an opinion piece that is part of the article’s political context.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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