NY Times' Paul Krugman claims 'war on inflation' is going 'surprisingly good'
Fox News
New York Times columnist Paul Krugman insisted on Thursday that recent economic news have been “fairy encouraging” lately despite the news that the GDP is in a recession.
Lindsay Kornick is an associate editor for Fox News Digital. Story tips can be sent to lindsay.kornick@fox.com and on Twitter: @lmkornick.
Krugman, who also suggested the U.S. is not in recession, reiterated that claim in his column.
"The U.S. economy is not currently in a recession. No, two quarters of negative growth aren’t, whatever you may have heard, the ‘official’ or ‘technical’ definition of a recession; that determination is made by a committee that has always relied on several indicators, especially job growth. And as Jerome Powell, the chair of the Federal Reserve, noted yesterday, the labor market still looks strong," Krugman wrote.
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