Economy News Trump Ally Bessent Says Stocks Will Fall On ‘precarious’ Economy
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Bessent says overall US recession is not ahead, predicts 'very strong' 2026
Bessent acknowledged strain in interest-rate-sensitive sectors, particularly housing, which he described as having been “in a recession” but cited stronger home sales in October, lower gasoline prices ... 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. By Alan Rappeport and Colby Smith Alan Rappeport covers the U.S. Treasury Department. Read More
Treasury Secretary Scott Bessent predicts ‘blockbuster’ year for US economy, relief for workers
Treasury Secretary Scott Bessent predicts 2026 will be a blockbuster year for the U.S. economy, driven by new manufacturing investments and job growth nationwide. Read More
High interest rates may have caused housing recession, Bessent says
Parts of the US economy, particularly housing, may already be in recession because of high interest rates, Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to ... Read More
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