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U.S. Commerce Secretary Ross downplays fears of recession

Published 08/19/2019, 08:37 AM
Updated 08/19/2019, 08:37 AM
U.S. Commerce Secretary Ross downplays fears of recession

U.S. Commerce Secretary Ross downplays fears of recession

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years.

"Eventually there'll be a recession but this inversion is not as reliable, in my view, as people think," Ross said in an interview with Fox Business Network.

Latest comments

All poor people have to do is take out a loan? What’s the problem? - Wilbur Ross
Trump will do anything to keep juicing the economy as he knows once he loses the 2020 election he'll be heading to prison.
Check Wilbur for a pulse.
Ross does not understand how econmy works. We are already in a recession, and we don't even know it. When we look back later, we will see recession started when Trump disrespect China and put on thatv10% tarriff announcement. From there, China said no deal until US is more reliable with their trade deal commitments.
Recession IS coming guys, theres no running and hiding from it!!
If no fear for recession why FED cut rate?
Did he say it with this tired face?
Ross has a "resting condescending face" :D
Could this be another, " Don't believe what you hear and don't believe what you hear."
democrats 's new kick is recession, they are praying for it, they hate Trump 's success and rather see our country in recession.
Its true - i believe it
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