Trump Commerce’s secret

US trade secretary Howard Lutnit was obviously shocked on Friday, learning that the recent estimate of the federal reserve system shows that the US economy is shrinking in 1 quarter.

“Wait, wait, wait, say again. What? What?” The pad interrupted Fox Business’ Maria Bartiram After reading the Federal Reserve Bank, Atlanta estimated that the gross domestic product (GDP) is expected to conclude a contract in the first quarter.

“The compression?” He continued. “Ok … here, now, it’s funny.”

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Lutnik noted that “absolutely no” talked to Atlanta President Rafael Bostik on this issue.

US Secretary -Secretary for Trade Howard Lutnita was shocked that the Atlanta Federal Reserve Bank is waiting for a Q1 GDP reduction. (Foxbusiness)

The GDPNow Fed GDPNow estimates a 2.4% reduction in the first quarter, which is a slight improvement from the initial estimate -2.8% on March 3. However, his site notes that the tracker is not a “official forecast” but “launching score Real GDP growth Based on cash for the current measured quarter. ”

“We have the economy in the fourth quarter,” Lutnik said. “We have reduced the regulation, we get shovels into the ground of this $ 2 trillion to build factories to build proceedings back to America. You have all who return to America to build. It starts very strongly in the third quarter.”

“The first and second quarter is a little (with) our optimism – Egg prices are reduced.

Then he pressed the barrier: “You feel it, Mary. Do you feel deep, deep pain in the first quarter? I watched your show all the time. I don’t remember you saying,” My God! ” “No, come on.”

Economic Analysis Bureau “Extended GDP first quarter is scheduled for April 30.

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