US Treasury Secretary Roenicke denies possibility of recession

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ODAILY
03-10
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Odaily Odaily report: US Treasury Secretary Howard Lutnick recently refuted the possibility of an economic recession, saying that Trump's tariff policy will drive $1.3 trillion in new investment and unleash the growth potential of the US. However, despite Lutnick's optimistic attitude, cryptocurrency traders lack confidence in the market, with Bitcoin and other cryptocurrencies plummeting. Although the resilience of the labor market has temporarily curbed expectations of an economic recession, the GDPNow model of the US Federal Reserve Bank of Atlanta predicts that GDP growth in the first quarter will be -2.8%, indicating signs of slowing growth (CoinDesk).

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