Ammon News - President Donald Trump said on Friday the U.S. was in a "transition period" and was going to do "fantastically" while downplaying the impact any short-term recession may have.

When asked during an interview with NBC News whether it would be OK to have a recession in the short term, Trump said: "Look, yeah, it's - everything's OK. What we are - I said, this is a transition period. I think we're going to do fantastically."

Trump's comment on the U.S. economy being in a transition period echoed comments he made earlier on Friday in a social media post, in which he also cited strong employment and reiterated his call for the U.S. Federal Reserve to lower interest rates.

"We're only in a transition stage, just getting started!" he said in a Truth Social post. The post followed the release of U.S. data that showed job growth slowed marginally for April. Economic Times