Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing ...

“I think that we are in good shape, but I think that there are sectors of the economy that are in recession,” Bessent said on CNN’s “State of the Union” program. “And the Fed has caused a lot of ...

Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn't want a depression, according to a Wednesday night ...

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ...