- cross-posted to:
- economics@lemmy.ml
- cross-posted to:
- economics@lemmy.ml
Summary
Donald Trump declined to rule out a U.S. recession in 2025, citing a “period of transition” due to his trade policies.
When asked if tariffs would fuel inflation, he acknowledged the possibility but pointed to lower interest rates.
Despite stock market volatility, he insisted “you have to do what’s right.” The Atlanta Federal Reserve warned of economic contraction, raising recession fears.
Commerce Secretary Howard Lutnick dismissed concerns, predicting strong growth. Trump’s stance contrasts with his past claims that trade wars are “good and easy to win.”
Period of transition, huh? Like 4 year period? Then we elect a Democrat that fixes the economy and Trump goes, “That’s my economy!”
The cycle continues…
More like 7 years. Their goal is always to break it so bad it takes a whole administration to fix