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.”

  • ToadOfHypnosis@lemm.ee
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    14 hours ago

    America couldn’t forgive Biden for unavoidable global inflation. They better be raging when this totally avoidable and reckless inflation begins.

    • Omega@lemmy.world
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      14 hours ago

      It’s ridiculous that Biden wasn’t celebrated for avoiding a recession in the U.S. when there was a global recession and analysts were certain we were going to have one here.

    • ATDA@lemmy.world
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      14 hours ago

      Fox News is still calling it the tail end of bidens inflation. They’re happy to extend that for 40 years or so.