“Our consumers are rich,” Trump told reporters Sunday. “I gave a tremendous tax cut, and they’re loaded up with money.”
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President Donald Trump and his top White House economic advisers on Sunday dismissed growing concerns that the U.S. economy is headed for a recession.
Speaking before boarding Air Force One near his Bedminster club in New Jersey, Trump said, “I don’t see a recession.”
Trump downplayed the inverted yield curve as a warning sign, telling reporters on Sunday that, “when you go in and analyze the curve, the curve always means that about two years later, maybe you’ll go — that’s a long time, two years.”
“But I don’t think so,” he added of a recession. “Interest rates are low. I think I can be helped out by the Fed. But the Fed doesn’t like helping me too much.”
