Trump Describes US Economy as in Transition, Minimizes Short-Term Recession Effects

Reported about 19 hours ago

In an interview, President Trump suggested that the U.S. economy is experiencing a 'transition period' and downplayed concerns regarding a potential short-term recession, expressing optimism about the nation's future performance. He emphasized strong employment figures and urged the Federal Reserve to lower interest rates. Despite growing public dissatisfaction and predictions of rising inflation due to tariffs, some economists remain hopeful about a rebound in growth driven by consumer spending and investment.

Source: YAHOO

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