Housing Recession

U.S. Treasury Secretary Warns of 'Housing Recession,' Calls for Aggressive Fed Rate Cuts Amid Global Economic Repercussions

Washington D.C. – November 3, 2025 – U.S. Treasury Secretary Scott Bessent has issued a stark warning, declaring that the American housing market is currently in a "housing recession," a downturn he directly attributes to the Federal Reserve's restrictive monetary policies. Speaking on CNN's

Housing Recession

Treasury Secretary Declares 'Housing Recession,' Pressures Fed for Immediate Rate Cuts

In a stark warning echoing through the financial markets, U.S. Treasury Secretary Scott Bessent declared this week that the American housing sector is already mired in a recession, directly attributing the downturn to the Federal Reserve's "tight policies." Speaking on CNN, Secretary Bessent called for