President Donald Trump has refused to rule out the possibility that the U.S. economy will contract and enter recession this year, saying his comprehensive economic agenda could create short-term turbulence but he believes it will fuel future prosperity.
Asked in an interview on Fox News' Sunday Morning Futures whether he expected a recession this year, Mr. Trump replied: "I hate predicting things like that. There's a transition period because what we're doing is very big. We're bringing wealth back to America, and that's a big thing."
Last week, US Treasury Secretary Vincent also said that the US economy may experience a difficult period during this economic transition.
In a televised address on Sunday, Commerce Secretary Luthenick ruled out a contraction. "There is no recession in the United States," he said on NBC News' "Meet the Press." The U.S. economy has not been in a recession since the epidemic began in 2020. "
Trump: US economy enters'transition period ', refuses to rule out recession
2025-03-09 23:59:07
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