Treasury secretary admits parts of U.S. economy are in recession, warns of pain for Americans The Treasury Secretary admits parts of the economy are in recession. He blames Federal Reserve interest rates for creating distributional problems. A Federal Reserve Governor warns tight policy risks causing a full-blown recession. Deaths of despair have accelerated to triple the rate of the Great Depression. The government shutdown is actively harming economic growth. The American economy, long touted by the Trump administration as the strongest in history, is showing some very alarming cracks. Treasury Secretary Scott Bessent has finally conceded that entire sectors of the nation’s economy…
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