US EditionHoward Lutnick desperately spins dire economic forecast on Fox: ‘It’s not that bad!’
- U.S. Secretary of Commerce Howard Lutnick was shocked to learn that the Federal Reserve Bank of Atlanta forecasts a contraction of 2.4% for Q1 GDP, an improvement from a prior estimate of-2.8%.
- Lutnick criticized the GDP projection as 'ridiculous' and emphasized a commitment to building factories in America through a $2 trillion investment.
- Many CEOs expressed concern about economic instability and uncertainty due to President Trump's policies, with 57% of the public agreeing that they are 'too erratic.'
- Concerns arose about Lutnick's economic management, leading to backlash over his decision to terminate the Federal Economic Statistics Advisory Committee, which may negatively impact federal economic data collection.
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Leaning Left2Leaning Right2Center0Last UpdatedBias Distribution50% Left, 50% Right
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