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ECONOMY GROWS, BUT NOT AT RATE TRUMP PROMISED: CASE AGAINST STIMULUS. (cover story)
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- Author(s): CASSELMAN, BEN
- Source:
New York Times. 7/27/2019, Vol. 168 Issue 58401, pA1-A14. 2p.
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- Abstract:
The article reports on data released by the U.S. Department of Commerce for the second quarter of 2019 which suggest that the U.S. economy is slowing. Topics covered include a 2.1 percent increase in gross domestic product, which falls far short of the 3 percent target by U.S. President Donald Trump, a decline in consumer spending, and a plan by the Federal Reserve to cut interest rates to prevent a further slowdown.
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