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Wednesday, September 18, 2019
Home News Feed Powered by DMLNewsApp.com VIDEO: White House trade adviser makes prediction about economy ‘through 2020’

VIDEO: White House trade adviser makes prediction about economy ‘through 2020’

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Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

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  • Includes supporting video, direct statements, or photos

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by ABCNews.GO.com:

White House trade adviser Peter Navarro declared the U.S. economy will be strong through 2020, and the Federal Reserve will be lowering interest rates again, “significantly,” going into the holiday season, in an interview with “This Week” on Sunday.

Navarro also pushed back against reports of an inverted yield curve, in which the yield on long-term bonds dips below the yield on short-term bonds, and warnings it could be a sign of a recession to come.

The article goes on to state the following:

“We did not have a yield curve inversion right now, by technical standpoints. You have to have a significant spread between short and long rates,” Navarro said.

When asked by Raddatz if he was optimistic about the administration’s ability to reach a deal with China on trade, Navarro responded, “I’m optimistic that the president will do the right thing for America and that we have some significant structural issues with China that we need to address.”

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