Source: Axios
The U.S. economy will experience a ‘period of transition’ as new trade and other policies take effect, President Trump said Sunday, though he hesitated to predict a full-blown recession. While the president may not be forecasting it, markets suggest a recession is at least more possible now than it was even a few weeks ago. … In late February, Treasury Secretary Scott Bessent said the private sector has already been in a recession, with government spending keeping the economy as a whole from tipping over. But on ‘Meet the Press’ Sunday, Commerce Secretary Howard Lutnick argued against a pullback. ‘There’s going to be no recession in America,’ Lutnick said, later adding ‘I would never bet on recession. No chance.'” (03/09/25)
https://www.axios.com/2025/03/09/trump-recession-likelihood-2025-tariffs