As Trump Recession Looms, Fox Hastily Rewrites Economic History

As Trump Recession Looms, Fox Hastily Rewrites Economic History

During a March 12 appearance on Fox, National Economic Council Director Kevin Hassett rosily predicted strong growth for the American economy in the first quarter of 2025 and dismissed consumer confidence surveys indicating fears of a looming recession. Hassett boldly stated: “I'll give you an expectation that GDP growth is going to be 2-2.5% in the first quarter, at least,” even as the Federal Reserve Bank of Atlanta’s GDPNow estimate at the ti…

Trump has stalled America’s economic growth

The Commerce Department's data showed a 0.3% GDP contraction, and Trump’s tariffs are a big reason why.

The data ruins the tycoon's party-show. Wall Street is suffering (ANSA)

Trump says he has a “great relationship” with Carney and that he will soon visit the White HouseTrump defends his immigration policy and denies that he is damaging the image of the countryIn his first 100 days in the White House, Donald Trump arranged as his mission to reformulate global financial markets by means of tariffs and executive orders, a decision that has been billed to him on Wednesday 30 with the U.S. Department of Commerce publishi…

'We expect to see the GDP revised,' said the secretary...