White House Director of Communications Steven Cheung challenged Moody’s credit rating downgrade of the U.S. He called out Moody’s Analytics Chief Economist Mark Zandi in a post on X. “Nobody takes his “analysis” seriously. He has been proven wrong time and time again.”
Moody’s announced on Friday that it had downgraded the US rating “to Aa1 from Aaa.” Maybe more importantly to some was the additional reference, “and changed the outlook to stable from negative.”
Cheung said it was predictable. And political. Cheung said Zandi “is an Obama advisor and Clinton donor who has been a ‘Never Trumper’ since 2016.”
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