Trump dismisses recession concerns as ‘transition period’ – Washington Examiner
In a recent interview, President Donald Trump downplayed concerns about an impending recession, stating that “everything’s OK.” This response came after the Bureau of Economic Analysis reported a 0.3% contraction in the economy from January to April, which was partly attributed to a 5% negative impact from imports. During his conversation with NBC’s Kristen Welker for *Meet the Press*,Trump referred to the current economic situation as a “transition period” and expressed confidence that the U.S. economy would thrive.While he acknowledged the unpredictability of economic conditions,he remained optimistic about achieving significant economic success.Trump’s governance has faced scrutiny regarding their tariff policies and has been criticized for possibly contributing to economic instability. With his approval ratings fluctuating, Trump and his advisors have attributed the economic contraction to lingering effects from previous presidential policies. the full interview is set to air soon, but excerpts have highlighted his reassuring stance on the economy.
Trump dismisses recession concerns as ‘transition period’: ‘We’re going to do fantastically’
President Donald Trump calmed concerns of an impending recession, asserting “everything’s OK.”
The Bureau of Economic Analysis published its report this week, finding that the economy shrank by 0.3% from January to April. Imports negatively affected GDP by 5%.
NBC host Kristen Welker asked Trump in an interview for Meet the Press about the possibility of a recession in the short term. The president dismissed the question twice.
“Look, yeah, it’s — everything’s OK. What we are — I said, this is a transition period. I think we’re going to do fantastically,” Trump explained in a clip shared ahead of the full Meet the Press interview’s airing.
While Trump assured he personally wasn’t worried about a recession, he admitted, “Anything can happen, but I think we’re going to have the greatest economy in the history of our country.”
This report comes as Trump is in the middle of a 90-day pause on tariffs against 86 countries. The strategy has faced criticism and stoked fears of a recession. Treasury Secretary Scott Bessent, among other Trump officials, has largely dismissed predictions of an impending recession.
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Trump’s strategic response to the report, along with his administration, has been to blame “the Biden ‘Overhang,’” as Trump called it in a Truth Social post. Council of Economic Advisors Chairman Stephen Miran blamed a poor first quarter gross domestic product report on January being “a very weak month” caused by “lingering problems with the economy left to us by President Biden‘s economic policies.”
The excerpt of the interview was recorded Friday at Mar-A-Lago for an episode that will air Sunday morning.
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