AutoNation’s Mike Jackson: Cut Interest Rates or Face Recession

Mike Jackson

Out­spo­ken Auto­Na­tion CEO Mike Jack­son sees poten­tial for U.S. reces­sion unless Fed­er­al Reserve moves to cut inter­est rates fur­ther. Falling hous­ing prices have cut into auto sales, par­tic­u­lar­ly in Cal­i­for­nia and Flori­da, says Jack­son, who plans to keep inven­to­ries “lean.”