'Yellow lights are flashing' as Trump strategy rattles markets: CNN reporter
1 week, 6 days ago

'Yellow lights are flashing' as Trump strategy rattles markets: CNN reporter

Raw Story  

Donald Trump's remarks about the economy did nothing to alleviate concerns of a recession, and CNN's Matt Egan said on Monday that warning lights are flashing. The president said over the weekend that he was loathe to predict whether the economy would tumble into recession this year, but he did concede the economy was going through "a period of transition" under his watch, and Egan said that offered little reassurance to spooked investors. "It's just way too early to know if there's going to be a recession, but what is clear is that yellow lights are flashing in this economy, and it is suddenly really facing significant pressure," Egan said. Former New York fed president Bill Dudley, he told me today that the president's tariff and trade war strategy is starting to backfire on the economy."

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