Economy News Trump Ally Bessent Says Stocks Will Fall On ‘precarious’ Economy

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

Bessent warns ‘sections of the economy’ could go into recession if Fed refuses to lower rates

Treasury Secretary Scott Bessent discusses with CNN’s Jake Tapper a court ordering Trump to use emergency funds to cover SNAP, the administration’s new trade deal with China and whether the U.S. Read More

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 ... Read More

Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day. Bessent said at a news conference the partial ... Read More

Global economy shrugs off Trump’s tariffs, at least for now, IMF says

The global economy is performing better than expected amid a historic upheaval in U.S. trade policy, but President Donald Trump’s sweeping tariffs are beginning to erode prospects for future growth, ... Read More