As the economy flashed warning signs of a possible downturn, President Donald Trump, with his political future potentially at stake, spent this week suggesting a variety of remedies -- even as he argued they were unnecessary.His mixed signals on the economy come as he and his senior advisers try to stave off consumer concerns about a possible recession -- and as the president makes the state of the economy a central message of his reelection campaign.
“We're not looking for any near term tax cuts, we're not looking for short run stimulus, we don't anticipate anything but a solid strong economy, that the key point, that's our view,” Kudlow told reporters, expressing confidence in the state of the economy amid concerns of a slowdown. And he has turned to other news -- making policy pronouncements, then backtracking -- talking to reporters in marathon sessions at the White House and near his New Jersey golf club about Greenland , the Danish prime minister , guns , Jewish voters , and a myriad of other topics.
That same day, the nonpartisan Congressional Budget Office said it expected the federal budget deficit to grow to more than $1 trillion in the next fiscal year -- up from less than $600 billion when Trump took office. The president and his advisers have reason to worry. Last week, the Bloomberg Consumer Comfort Index, which measures Americans' economic attitudes, fell to a seven-month low, and expectations for the economy's direction followed this week -- now at a five-month low .
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The DOW jumped 8000 points when trump was elected, we have a long way to go before we face a recession.
😐
“There will be no recession but I’m considering all options”...?
Trump is driving America down a path of destruction and poverty.
Perhaps he should ask a few experts for a change
Oh there's no downturn....the Dems and MSM just making it up.
The is no recession except for the one you are wishing on innocent Americans. STOP The economy is fine. Stop trying to convince America to hate realDonaldTrump! fakenews
Trump has a real do as I say, not as I say, thing going on.
Russia Racist Recession not working - minority & women unemployment at historical lows
Americans, The FED and any economist can tell you whatever they want, the simple fact is this so called Federal Reserve Note is finish, done so the powers that control the world better implement something before anarchy is unleashed NCJRothschild
... including buying Greenland.
FAKE NEWS MEDIA MAFIA commanded to say there will be an ECONOMIC RECESSION: LIES ABOUT THE ECONOMY, RACISM & WHITE SUPREMACY LABELING & VOTE BUYING WITH the PROMISED of $150+ trillion of FREE STUFF is all Democrat have to run on.
All of this is his own doing!! He creates problems then blames another for the mess he created.
Ever think our yield curve is inverted at least in part due to low long rates in other parts of the world? (I'm not implying that an inverted yield curve is not problematic)
He does not know his ass from a hole in the ground when it comes to macroeconomics. Shit..he just learned the difference between a strong dollar and a weak dollar. Baby steps Grabber in Chief.
They would be unnecessary if Jerome Powell grasped firmly hold of both ears and pulled his head out where the sun doesn't shine. If he does not take the requisite steps to lower rates at least 75 basis points on Friday he should resign and in disgrace I might add.
Crump 🤡 is a scam con crook
Very clever stuff from Trump, well done.
And....
It’s called Schizophrenia.
TrumpSlump
We’re in a full-on nightmare.
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