Trump Trading Secretary Howard Lutnick ATLANTA called the Economic Forecast of Fed ‘ridiculous’

US Trading Secretary Howard Lutnick shocked Friday after learning that the last assessment of the federal reserve shrinks in Q1.

“Wait, wait, wait, say again. What? What? What? What?” Lutnick cut Fox Business’ Maria Bartiromo After reading Atlanta Federal Reserve Bank, the gross domestic product (GDP) is expected to be a contract in the first quarter.

“A contraction?” Continued. “Okay … here, at this time, it’s ridiculous.”

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Lutnick said he was talking about the President Rafael Bostik, who fed the President of Atlanta Fed President Rafael Bostik.

The US Trading Secretary Howard Lutnick was shocked, the Atlanta federal reserve bank is waiting for Q1 GDP. (Tulkubusiness)

Atlanta Fed’s GDPNow model is used to evaluate GDP growth in real time According to existing economic information, it forecasts 2.4% for the first quarter, and a little improvement of the initial assessment of March 3 to 2.8%.

“We have the economy in the fourth quarter,” Lutnick clarified. “We cut the regulation, this is the spade of this 2 trillion loan to create factories to return to America.

“Our first and second quarterly optimism is a little (of) – Egg prices downInterest rates down, energy prices down, “Secretary has expanded.” But this is the mess we left. “

Then he further pressed BartiRomo: “Do you feel this, Maria, do you feel a deep, deep pain in the first quarter? I watched the show all.” My God! “No, come.”

The Bureau of Economic Analysis “The first quarter is scheduled for the first quarter of GDP. The next GDPNow update of the Atlanta Fed is on Monday.

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