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?” Lootnick stopped Fox Business Maria Partoperomo After reading the Federal Reserve in Atlanta, it is estimated that the gross domestic product is expected to shrink 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 Commerce Howard Lootnick shocked that the Federal Reserve in Atlanta expects to shrink in GDP Q1. (Foxbushing)
The GDP of GDP is estimated at 2.4 % for the first quarter, a slight improvement of its initial estimation by -2.8 % on March 3. However, its website notes that the follower is not “official expectations” but “the estimation of operation” Real GDP growth Based on the economic data available for the current quarter of the size. “
“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 are the kind of our optimism – Low egg pricesInterest rates, energy prices, “the expansion of the Secretary.” But the chaos 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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