Trump Commerce Secretary Howard Lutnick calls Atlanta Fed’s economic forecast ‘ridiculous’
American Trade Secretary Howard Lootnik talks about the multidisciplinary tariff, trade deficit, American manufacturing, car production, and the total economy in a large -scale interview with Maria Bartopiromo Fox Business.
It seems that US Secretary of Trade Howard Lootnik was shocked on Friday, after he learned that the recent estimate of the Federal Reserve shows that the American economy is shrinking in the first quarter.
“Wait, wait, wait, say it again. What? What?” Lutenik Maria Barteromo Fox Business boycotted after the Federal Reserve Bank in Atlanta has read that the gross domestic product is expected to contract in the first quarter.
“shrinkage?” He continued. “Well … here, now, this is ridiculous.”
Trade Minister Howard Lootnick defends the end of Trump’s tariff against recession concerns
Lootnick noted that he was “no” at all, “he spoke to the President of the Federal Reserve in Atlanta Rafael Bustic about this.
US Secretary of Trade Howard Lootnick shocked that the Federal Reserve in Atlanta expects to shrink in GDP Q1. (Foxbushing)
The GDP model in Atlanta Bank is estimated at 2.4 % contraction for the first quarter, a slight improvement of its initial estimate by -2.8 % on March 3. However, its website notes that the follower is not “official expectations” but “the estimation of the operation of the real GDP growth based on the economic data available for the current quarter.”
“We have the economy in the fourth quarter,” Lottenic explained. “We have cut the organization, and we get drivers in the land of this trillion dollar from a commitment to build factories, to build production again to America. I have returned to America to build. This starts strong in the third quarter.”
The first and second quarter of a little thing [of] Our optimism – low egg prices, low interest rates, low energy prices, “the secretary expansion.” But this chaos that we left with. “
The former FDIC Vice Chairman and Federal Reserve in Kansas City, Thomas Hyingig, talks about American growth expectations, discounts in Doug spending and Federal Reserve leadership in the future.
He also pressed Bartiromo: “You feel that, Maria. Do you feel deep and deep pain in the first quarter? “No, come on.”
The Economic Analysis Office was planned “the advanced appreciation of the GDP for the first quarter on April 30.
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2025-03-14 17:43:00
