Earlier Monday, analysts at Goldman Sachs downgraded their forecast for economic growth in the US from 2.4 percent to 1.7 percent.
"Determining whether Donald Trump is causing a recession involves examining several aspects of his economic policies," the bot said. "There are concerns among some economists that
There is no official definition of a recession, but most agree it’s marked by a long period of economic turmoil.
President Trump refused to rule out the possibility that his economic policies, including aggressive tariffs, could lead to a recession. In an interview with Fox News, he acknowledged a “period of transition” but insisted that his policies would ultimately benefit the economy.
President Trump declined in a new interview to rule out the possibility that his economic policies would cause a recession. The Morning Joe panel discusses.
President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”
In an interview that aired Sunday, the president demurred when asked if there were reassurances he could provide to businesses seeking more clarity on tariffs.
President Donald Trump addressed "rising worries" that his policies—particularly his lack of clarity on tariffs—may lead to a recession during an appearance on Fox News ' Sunday Morning Futures with Maria Bartiromo.