“Our consumers are rich,” Trump told reporters Sunday. “I gave a tremendous tax cut, and they’re loaded up with money.”
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.”