Trump’s recognition of the turbulence in the U.S. economy was a reversal from previous cheering that his policies would deliver quick victories to voters and businesses, and it stood in contrast to reassurances from his own advisers on Sunday that no recession was in sight. Trump also downplayed the dropping stock market despite years in which he has claimed credit for its rise, saying in the Fox News interview that “you have to do what’s right” even if markets don’t like it.
The recognition of the economic disruption was notable given that Trump swept into office in part because of voter discontent about years of inflation under former president Joe Biden. But that inflation had slowed in Biden’s final year in office, and most economists say that Trump inherited a fairly strong and stable economy.
Trump pushed Biden on the stock market, inflation and the overall economy — all issues on which he is now telling voters to look the other way.
Asked by Fox News anchor Maria Bartiromo whether he was expecting a recession this year, Trump said: “I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of, it takes a little time. It takes a little time, but I think it should be great for us.”
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