Economy News Powell ‘no Reason’ To Think Economy Is Close To Recession

Bessent Says Some ‘Sectors’ Of Economy Are In Recession

Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession or at risk of one, blaming the Federal Reserve for not cutting interest rates fast, just one day ... Read More

Trump Aides Raise Recession Fears, and Point Fingers at the Fed

Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts. Read More

Jerome Powell may have just given stock investors a new reason to be worried

The economy and the stock market may eventually respond favorably to the change of policy, but if history is any guide, things will get worse before they get better. U.S. Federal Reserve Chair Jerome ... Read More

Treasury’s Bessent concedes some parts of the economy are already ‘in recession’

According to Trump’s treasury secretary, the economy isn’t just struggling in some areas — some “sectors” are actually contracting. Read More

This recipe for a growing U.S. economy shows little sign of recession

When the U.S. economy shows sign of deep stress, one of the first things Americans strike from their budgets are takeout dinners and going out to restaurants. It’s one of the best early warning signs ... Read More

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

This is read by an automated voice. Please report any issues or inconsistencies here. A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said ... Read More

Takeaways: Fed Chair Powell says don’t count on a December rate cut

The Federal Reserve on Wednesday lowered interest rates for the second time this year in a continued bid to prevent unemployment from surging. But another rate cut at the next meeting in December “is ... Read More

Fed's Powell points to persistent labor market weakness as government shutdown delays official reports

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown delaying the release of official jobs and ... Read More

Would a government shutdown hurt the economy? Experts explain

The federal government is hurtling toward a possible shutdown Tuesday night. The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring ... Read More