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International Business Times
International Business Times
World

No Signs Of US Recession, Treasury Secretary Says

United States Scott Bessent Recession Donald Trump Economy
US Treasury Secretary Scott Bessent spoke at an oversight hearing held by lawmakers on the House Financial Services and General Government subcommittee (Credit: AFP)

There are currently no signs that the United States has entered a recession despite the world's largest economy recording a contraction in the first quarter, the US Treasury Secretary said Tuesday.

"I believe in data, and there is nothing in the data that shows that we are in a recession," Scott Bessent told lawmakers during an appearance in Congress.

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