Will Rising Interest Rates Slow Down the US Economy?

Jay Bryson, Chief Economist at Wells Fargo, warns that the U.S. economy is teetering on the edge of a potential recession. Despite not being confirmed yet, Bryson predicts a slowdown in economic growth by 2025 due to factors like trade policies and external influences. However, Bryson offers some hope for a rebound in 2026 with the potential for positive effects from fiscal and monetary policies. He expects interest rates to decrease significantly within the year. Bryson notes that a rise in unemployment due to tariffs could lead the Federal Reserve to reverse course and implement further rate cuts.