- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
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.”
Fox News is still calling it the tail end of bidens inflation. They’re happy to extend that for 40 years or so.
everytime things bet better it’s reagan’s policies finally working. anytime things get worse it’s obama’s fault.