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The former top economist in the Trump White House criticized the Biden administration's attempt to downplay recession fears, saying the economy was headed toward a sharp downturn.
The Fed was already on clean-up duty over much of the past year after revelations of questionable trading activity by senior officials.
Amplifying Atlanta
The Commerce Department on Thursday will release new gross domestic product figures. Top forecasts are predicting negative numbers again.
The Commerce Department on Thursday will release new gross domestic product figures.