Bessent Says Some ‘Sectors' Of Economy Are In Recession
Forbes·2025-11-02 23:35
ToplineTreasury 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 after newly appointed Federal Reserve Governor Stephen Miran warned of high interest rates triggering a recession in an interview with The New York Times.Bessent blamed the Federal Reserve for not cutting interest rates fast enough.AFP via Getty Images ...