Reported 1 day ago
President Trump's economic team has rejected investor fears regarding inflation and recession amidst market turmoil caused by new global tariffs, insisting that a financial boom lies ahead. Following significant stock market declines, officials emphasized their commitment to the tariff agenda. Concerns about rising consumer prices were downplayed, with advisers maintaining that the tariffs would lead to long-term benefits for the U.S. economy, despite warnings from some economists of potential recession risks.
Source: YAHOO