US Treasury chief flags recession risks in key sectors - Recession Fears Rise

US Treasury chief flags recession risks in key sectors – Recession Fears Rise



US Treasury Secretary Scott Bessent warned that parts of the U.S. economy, especially housing, may already be in recession due to high interest rates. Speaking on CNN’s State of the Union, Bessent said, “We are in good shape overall, but certain sectors are in recession,” adding that the Federal Reserve’s tight policies have created “distributional problems” in the economy. (Source: Reuters)



Source link

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *