Trump Dismisses Recession Fears, Indicating Fed Will have to Help The Economy

Enlarge this imagePresident Trump is downplaying the chances of the economic downturn, but he is also contacting around the Federal Reserve to cut rates again.Patrick Semansky/APhide captiontoggle captionPatrick Semansky/APPresident Trump is downplaying the percentages of https://www.marinersshine.com/Ryon-Healy-Jersey the rece sion, but he is also contacting on the Federal Reserve to cut interest rates all over again.Patrick Semansky/APUpdated at four:26 p.m. ETThe Trump administration is performing like a cheering area for the U.S. economy. And at the very least on Monday, investors ended up cheering alongside. The Dow Jones Industrial Normal rose virtually 250 details or 1%. The S&P 500 jumped 1.2% and the Nasdaq was up 1.35%.President Trump and his team are downplaying warnings of slower economic growth, despite signals from the bond market that a rece sion could be looming. At the same time Edgar Martinez Jersey , the president is also contacting about the Federal Reserve to chop rates yet again to enable boost growth. “Our Economy is very strong,” Trump tweeted Monday, accusing Democrats of badmouthing economic conditions to boost their chances in the 2020 election.Vice President Pence echoed that confidence in a speech Monday to the Detroit Economic Club.”Despite the irresponsible rhetoric of many in the mainstream media, the American economy is strong,” Pence said. “And the U.S. economic outlook remains strong as well.” A day earlier, Trump and White House economic adviser Larry Kudlow pointed to consumer spending for a sign of the economy’s resilience.Busine s Stock Markets Take A Breather After Steep Drop “I don’t see a economic downturn,” Kudlow said on NBC’s Meet the Pre s. “Consumers are working at higher wages. They are spending at a rapid pace.”Consumer spending is a major pillar of the U.S. economic system, and data from the Commerce Department last week showed retail sales are still strong.That helped to temper economic downturn warnings from the bond market, which triggered the year’s biggest sell-off on Wall Street last week. The Dow and the S&P 500 both fell about Ryon Healy Jersey 3% last Wednesday.PoliticsPresident Trump Tries To Tamp Down Rece sion FearsPresident Trump Tries To Tamp Down Economic downturn Fears Listen 3:353:35 Toggle more optionsDownloadEmbedEmbedTranscriptNPRsubscribe to The NPR Politics Podcastpodcast

Related posts:

  1. Australia’s Weakest Consumption Since 2010 Slows Growth : Economy   Australia’s economy slowed last quarter on the weakest consumer...
  2. Lined Up: Activity #81 vs Penguins No line-up modifications are predicted for that Sens tonight and...
  3. Closing out the year in type EDMONTON AB -Finding good results to the street has been...
  4. Foreign Minister dismisses military coup   Minister of Foreign Affairs Surapong Tovichakchaikhul (สุรพงษ์ โตวิจักษณ์ชัยกุล) has...
  5. Govt dismisses plan to overthrow Constitutional Court and the Dems   A government high-ranking official has dejected speculations that the...

Share this story

Comments are closed.

Copyright © 2012 Bangkok Voice News, Blog and Internet TV. All rights reserved.Top