The Treasury Secretary blamed the Federal Reserve for the current housing recession and said that if the central bank cut interest rates more quickly, the recession could end.
Source: Inman News
Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
Published in Agent, Analysis, Austan Goolsbee, canceled contracts, CME Group, cnn, economy, federal reserve, federal reserve bank, florida, gary keller, Homebuyer Contract Cancellations, housing market, housing market recession, inflation, interest rates, Jeffrey Schmid, Jerome Powell, Lillian Dickerson, mark zandi, Markets & Economy, mortgage rates, nar pending home sales, national association of realtors, National Association of Realtors (NAR), News Brief, pending home sales, recession, Redfin, Scott Bessent, Select, Stephen Miran, tampa, texas, the new york times and Treasury Secretary Scott Bessent
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