Trump Aides Raise Recession Fears, and Point Fingers at the Fed

Trump Aides Raise Recession Fears, and Point Fingers at the Fed
Treasury Secretary Scott Bessent has expressed concerns about certain sectors of the economy potentially being in recession. In response to these worries, he advocated for additional interest rate cuts as a measure to address the economic challenges. This stance highlights apprehensions within the administration regarding the current economic climate. The call for lowering interest rates suggests a focus on stimulating growth and mitigating downturn risks. These developments indicate that some officials are closely monitoring economic indicators and are prepared to take action to support the economy. The concerns raised by Bessent reflect ongoing debates about the appropriate monetary policy response. Overall, the situation underscores the administration's attention to economic stability amid signs of sector-specific weakness.






