Howard Lutnick rips Atlanta Fed GDPNow contraction prediction
U.S. Secretary of Commerce Howard Lutnick was apparently shocked on Friday, after learning that a recent estimate from the Federal Reserve shows the U.S. economy shrinking in Q1."Wait, wait, wait, say that again. What? A what?" Lutnick interrupted FOX Business’ Maria Bartiromo after she read the Federal Reserve Bank of Atlanta estimate that gross domestic product (GDP) is expected to contract in the first quarter."A contraction?" he continued. "Okay… right here, right now, that is r