FOXNEWS The Faulkner Focus July 7, 2024
statement claiming that two consecutive quarters of falling gdp are not the official definition of a recession. sounds like they are expecting those reports to show two straight quarters of falling gdp. but with inflation surging to a new 40-year high just last month, some call the administration's talking points out of touch and they're out of time to turn this boat around if they don't start focusing on the right things. a comment from treasury secretary janet yellen. >> this is not in the economy that's in recession. we're in a period of transition in which growth is slowing and t...