Scott Bessent Issues Recession Warning over Housing Market

Bessent Suggests US Already in Housing Recession, Calls for Lower Interest Rates

The U.S. housing market and other parts of the economy may already be in a recession due to high interest rates, Treasury Secretary Scott Bessent said Sunday, reiterating that the Federal Reserve should initiate more rate cuts. “I think that we are in good shape, but I think that there are sectors of the economy that are in recession,” Bessent told CNN’s “State of the Union” program on Sunday, characterizing the overall economic environment as i…

Scott Bessent issues recession warning over housing market

The treasury secretary blames the Federal Reserve for not delivering cheaper housing to Americans.

Scott Bessent says parts of the economy are 'in recession' — but blames the Fed

Bessent is the second Trump official to blame the Fed for a possible recession, even as most analysts believe tariffs are dragging down the economy

Bessent says high US interest rates may have caused housing recession

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to accelerate rate cuts. “I think that we are in good shape, but I think that there are sectors of the economy that are in recession,” Bessent said on CNN’s “State of the Union” program. “And the Fed has caused a lot of distributional problems wi…

Scott Bessent Says 'There Are Sectors' Of The Economy In Recession, Amid Fed-Caused 'Distributional' Problems - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting. Bessent Says Trump’s Spending Cuts To Ease Inflation Bessent, in his interview with CNN’s “State of the Union,” with Jake Tapper on Sunday, acknowledged that the economy is in a “transition period,” with certain sectors exper…

Scott Bessent Is Wrong About Deficit Reduction

There are no quick fixes or easy solutions for trillion-dollar budget deficits. - Jessica Riedl - Start a free trial today for full access.