Bessent Warns of Recession Risks Amidst Fed Rate Hikes and Dollar Rise
TL;DR Summary
U.S. Treasury Secretary Scott Bessent suggests that high interest rates have caused parts of the economy, especially housing, to enter recession, with low-end consumers hit hardest; he advocates for faster Federal Reserve rate cuts to stimulate growth, amid debates on the appropriate monetary policy stance.
Topics:business#economic-transition#economy#federal-reserve#housing-recession#mortgage-rates#us-interest-rates
- Bessent says high US interest rates may have caused housing recession Reuters
- Bessent: U.S. faces broader recession risk without more Fed cuts Axios
- Bessent Says Some ‘Sectors’ Of Economy Are In Recession Forbes
- Bessent: Fed should cut rates if inflation drops breakingthenews.net
- While the finance minister calls for a swift interest rate cut, Powell hits the brakes. How long can the dollar continue to rise? 富途牛牛
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