Bessent: Some sectors of the U.S. economy have already fallen into recession, and if the Federal Reserve does not cut interest rates further, other sectors will also fall into recession.
US Treasury Secretary warns that if the Federal Reserve does not further cut interest rates, more sectors of the economy may fall into recession.
On Sunday, U.S. Treasury Secretary Besent told the media that some sectors of the US economy have already entered recession, and if the Federal Reserve