Home » Economy » Consumer's drive to keep 'marching forward' will soon be 'quite difficult': Fmr economic council director
Consumer's drive to keep 'marching forward' will soon be 'quite difficult': Fmr economic council director
Consumers will face ‘difficult’ financial adversities in 2nd half: Larry Lindsey
The Lindsey Group CEO Larry Lindsey reacts to the May core PCE price index report and predicts a negative second half on ‘Mornings with Maria.’
During an interview on "Mornings with Maria," Thursday, former economic council director Larry Lindsey provided analysis of May's core PCE report, arguing there are several signs suggesting that America is currently in a recession.
LARRY LINDSEY: …So we are going to have inventory decline that's going to contribute to a negative second half, which already is going to have weak consumption. But the other thing, if I may, we neglect CPI, and we shouldn't.