Former Commerce Secretary Warns US Headed for Recession

Publikováno: 16.9.2024

#Economics #commerce secretary #Economy #Federal Reserve #gdp #Government #inflation #interest rates #jobs #pandemic #Recession #stimulus #U.S.#Unemployment #Wall Street #Wilbur Ross

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Former Commerce Secretary Warns US Headed for Recession

Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, […]