PANews reported on March 17 that according to Jinshi, after US President Trump refused to guarantee that the US economy would not experience negative growth last weekend, the US Treasury Secretary also said in an interview on Sunday (16th) that there was no guarantee that the US economy would not fall into recession. However, Bessant ruled out the possibility of a financial crisis in an NBC interview. When asked if he could guarantee that there would be no recession during Trump's administration, Bessant replied: "There is no guarantee. (Just like) who could have predicted the COVID-19 pandemic?" Bessant said he was pursuing a prudent policy that would last, saying the country needed to gradually move away from what he called massive government spending. When asked if the adjustment would lead to a recession, Bessant said: "There is no reason why it has to be that way." Bessant refuted people's concerns about the recent decline in US stocks, saying that the correction in the stock market was healthy and that if the government implemented good tax policies, relaxed regulations and energy security, the market "would be in good shape."