Trump Commerce Secretary Howard Lutnick calls Atlanta Fed’s economic forecast ‘ridiculous’
US Secretary of State Howard Lutnik speaks of mutual tariffs, trade deficits, American production, car production, car production and macro-exploity in a large interview.
On Friday, US Minister of Foreign Affairs, apparently shocked to know that the last calculation from the Federal Reserve shows that the US economy is being reduced in Q1.
“Wait, wait, wait, say again. What? What? “Lutnik was interrupted Fox Business’ Maria Bartiromo After he read the Atlanta Federal Reserve, the gross domestic product (GDP) is expected to contract in the first quarter.
“The Costum.” He continued. “Ok … right here, right now it’s funny.”
Trade Secretary Howard Lutnik protects Trump Tariff’s ultimatum against the fears of the recession
Lutnik noted that “absolutely” did not speak of Atlanta, which spoke to Atlanta on this issue.
US Secretary of State Howard Lutnik was shocked that the Atlanta Federal Reserve expects a contraction of Q1 GDP. (Foxbusiness)
The Atlanta Fed’s GDPnow model releases 2.4% for the first quarter, a little improvement from its initial estimate on March 3, 2006. However its website is not an “official prediction” Real growth of GDP based on economic data available for the current measured quarter. “
“We have an economy in the fourth quarter,” Lutnik explained. “We cut the regulations, we get shovels under the base of building these two factories so that production will be built in America.
“First and second quarter a little kind of [of] Our optimism – Egg prices go downInterest rates down, energy prices have fallen.
Former Vice President of Tomas Hoig, CEO of Kanzas, and Federal Reserve, Tomas Hoig, is talking about American growth forecasts, Doge cost cuts and future Fed MAADING.
He later pressed to Bartiromo. “Do you feel that, Maria? I feel deep, deep pain in the first quarter. No, come. “
The Bureau of Economic Analysis is scheduled for GDP for the first quarter.
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