Treasury Secretary Warns of a ‘Housing Recession’ and Points Finger at the Fed

Jerome Powell, chairman of the US Federal Reserve, with his face resting on his hands

The U.S. housing market, along with other segments of the economy, may already be in a recession because the Federal Reserve has not been aggressive enough cutting interest rates, Treasury Secretary Scott Bessent said Sunday.  “I think that we are in good shape, but I think that there are sectors of the economy that are … Read more