White House pushes back against recession talk as household worries grow

Trump Now Says He Doesn’t See Recession

“President Donald Trump downplayed a sharp market selloff spurred by worries that his tariff agenda will drag the world’s largest economy into a downturn, saying he did not foresee the U.S. going into a recession,” Bloomberg reports.

White House Defends Economic Policies Amid Rising Anxiety - The Thinking Conservative

White House said the Trump admin’s economic policies would lead to long-term economic gains and recent stock market turmoil was temporary growing pains. The post White House Defends Economic Policies Amid Rising Anxiety appeared first on The Thinking Conservative.

Washington. White House economic adviser Kevin Hassett trusted that the uncertainty about President Donald Trump’s trade policies will be resolved in early April and predicted that first-quarter gross domestic product (GDP) data will be positive.

The fears of economists about a possible recession this year in the United States are growing following the economic measures adopted by the White House. But President Donald Trump calls it a transitional period. Iacopo Luzi informs them from the White House.

“We're seeing a strong divergence between the stock market and what we're actually seeing developing in companies. This last aspect is obviously more significant than the first with regard to the long-term economy,” an administration official said in a statement

White House downplays economic ‘blips’ as stock market tumbles

President Donald Trump’s senior advisers downplayed fresh economic turbulence Monday as the administration’s escalating trade war deepened a sell-off on Wall Street and renewed fears about the stability of the U.S. economy.