President Donald Trump sits with Maria Bartiromo on “Sunday Morning Futures”.
President Donald Trump refused to explicitly exclude a full -fledged recession for the American economy this year, telling Maria Bartiromo in a recent exclusivity “Sunday Morning Futures” that the country will see a “transition period” while its policies take effect.
“I hate predicting things like that,” he said about a recession. “There is a period of transition because what we do is very great. We bring the richness in America. It is a great thing … It takes a little time, but I think it should be great for us.”
The president’s comments are involved in the midst of the instability concerns of certain business leaders concerning the prices imposed on China, Canada and Mexico, as well as increasing concerns of a potential economic slowdown.
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The Atlanta Federal Reserve has predicts a contraction On -2.8% in the first quarter, Bartiromo said.
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Goldman Sachs increased expectations of a recession in the next 12 months to 20%, while JP Morgan says The probability of a recession amounts to 35%.
Maria Bartiromo de Fox Business presented an overview of her exclusive interview with President Donald Trump and his reasoning for the most recent tariff negotiation.
Commerce Secretary Howard Lutnick Available a more final response when asked for the possibility of a recession on Sunday, saying that “meeting the press” of NBC News that he would “bet” on “.
“There will be no recession in America … no chance,” he said.