Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that may be in recession because of high interest rates as he continues to call for the Fed to cut rates.Bessent said in an appearance on CNN that he thinks "we are in good shape, but I think that there are sectors of the economy that are in recession," adding that "the Fed has caused a lot of distributional problems with their policies."The treasury secretary went on to say that "if the Fed brings down mortgage rates, then they can end this housing recession." Bessent added that lower-income consumers a...

3 hours ago

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