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.
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.