President Donald Trump said the US was in a “transition period” and was going to do “fantastically” while downplaying the impact any short-term recession may have.
When asked during an interview with NBC News whether it would be OK to have a recession in the short term, Trump said: “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’s comment on the US economy being in a transition period echoed comments he made earlier on Friday in a social media post, in which he also cited strong employment and reiterated his call for the U.S. Federal Reserve to lower interest rates, Reuters reported.
“We’re only in a transition stage, just getting started!” he said in a Truth Social post. The post followed the release of US data that showed job growth slowed marginally for April.
Trump, who just passed his 100th day in office, has faced growing public discontent over his handling of the economy, with many economists predicting a wide range of tariffs imposed in recent months will drive up inflation and slow growth.
