Trump says US in transition period, downplays impact of short-term recession
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
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
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
comments
Trump says US in transition period, downplays impact of short-term recession
comments