Trump says US will experience ‘period of transition’ when asked if economy could see a recession this year
By Taylor Penley | Fox Business
President Donald Trump declined to explicitly rule out a full-blown recession for the U.S. economy this year, telling Maria Bartiromo in a recent "Sunday Morning Futures" exclusive that the country will see a "period of transition" as his policies take effect.
"I hate to predict things like that," he said of a recession. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing… it takes a little time, but I think it should be great for us."
The president's comments come amid some business leaders' instability concerns over tariffs imposed on China, Canada and Mexico, as well as growing concerns of a potential economic slowdown.
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