Maria Bartiromo challenged Commerce Secretary Howard Lutnick regarding the Atlanta Federal Reserve's forecast of a 2.4% economic contraction in the first quarter. During the interview, Lutnick expressed disbelief at the prediction, indicating that it seemed unreasonable to him. Bartiromo pressed Lutnick on whether he had communicated his objections to officials at the Atlanta Fed. The segment highlighted the tension between economic forecasts and government perspectives on looming recession fears, especially in light of President Trump's recent remarks on the economy.
We've seen worries about growth. I know you said you're not expecting a recession, but investors are on edge over the possibility of a recession this year.
Correct. Correct. First quarter, a 2.4% contraction?! Lutnick replied, stunned. That is ridiculous! Lutnick said.
What?! A 2.4% contraction?! Lutnick exclaimed, showing disbelief at the Atlanta Fed's prediction during the interview.
Have you told the Atlanta Fed that you say it's ridiculous because they're out with this contraction prediction for the first quarter?
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