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U.S. Commerce Secretary Ross downplays fears of recession

Economic Indicators Aug 19, 2019 08:37AM ET
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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.

U.S. Commerce Secretary Ross downplays fears of recession
 

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Comments (10)
Al Vlaj
alvlaj Aug 19, 2019 1:26PM ET
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All poor people have to do is take out a loan? What’s the problem? - Wilbur Ross
TIM PHANEUF
TIM PHANEUF Aug 19, 2019 11:15AM ET
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Trump will do anything to keep juicing the economy as he knows once he loses the 2020 election he'll be heading to prison.
TIM PHANEUF
TIM PHANEUF Aug 19, 2019 11:13AM ET
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Check Wilbur for a pulse.
David David
David9 Aug 19, 2019 10:21AM ET
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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.
Alex Gaitan
Alex Gaitan Aug 19, 2019 9:46AM ET
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Recession IS coming guys, theres no running and hiding from it!!
Kanok The Great
Kanok The Great Aug 19, 2019 9:41AM ET
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If no fear for recession why FED cut rate?
IceIce Baby
IceIceBaby Aug 19, 2019 9:31AM ET
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Did he say it with this tired face?
Nathan Dunn
Nathan19 Aug 19, 2019 9:31AM ET
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Ross has a "resting condescending face" :D
Arthur Thompson
Arthur Thompson Aug 19, 2019 9:19AM ET
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Could this be another, " Don't believe what you hear and don't believe what you hear."
Rita Brattkus
Rita Brattkus Aug 19, 2019 8:46AM ET
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democrats 's new kick is recession, they are praying for it, they hate Trump 's success and rather see our country in recession.
PMSF Small
PMSF Small Aug 19, 2019 8:12AM ET
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Its true - i believe it
 
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