Trump’s secretary of trade Howard Lutnick calls the economic forecast of Atlanta Fed “funny”
The US Secretary of the Howard Lutnick Store is about reciprocal tariffs, trade deficits, American production, automatic production and macroeconomics in a wide interview with Fox Business’ Marija Bartiromo.
The US Secretary of the Howard Lutnick store was obviously shocked on Friday after learning that a recent federal reserves’ estimate shows that the US economy is reduced in Q1.
“Wait, wait, wait, say it again. What? What?” Lutnick interrupted Fox Business’ Maria Bartiromo After reading the Atlanta Federal Bank of the assessment that the gross domestic product (GDP) is expected to contract in the first quarter.
“Contraction?” He continued. “Good … right here, that’s just funny.”
The Howard Luttick Store Secretary defends Trump’s tariff Endgame against the fears of recession
Lutnick noted that “he absolutely did not” spoke with Atlanta President Fed Raphael Bostic about the matter.
The US Secretary of the Howard Lutnick Store was shocked that the Atlanta Federal Bank expects a contraction of GDP Q1. (Foxbusiness)
The Atlanta Feda BDPNOW model estimates a 2.4% contraction for the first quarter, a slight improvement over the initial estimate of -2.8% 3. March. A real GDP growth Based on the available economic data for the current measured quarter. “
“We own the economy in the fourth quarter,” Lutnick explained. “We have reduced the regulation. We get shovels in the soil of these two billions of dollars to the construction of factories, building production back to America. Everyone returns to America.
“The first and second quarters are kind of somehow [of] Our optimism – Egg prices are downinterest rates, reduced energy prices, “The secretary spread.” But that’s the mess we stayed. “
Former Vice President of FDIC -AI CEO of Federal Reserve Kansas City, Thomas Hoenig, talks about the US forecast for growth, reducing the cost of Doge -ai to the future leadership of the Fed.
Furthermore, Bartiromo pressed, “You feel it, Maria. Do you feel deep, deep pain in the first quarter? I watched your show all the time. I don’t remember saying,” Oh my God! “No, come on.”
The advanced assessment of the Bureau for economic analysis for GDP in the first quarter is planned for April 30.
