President Donald Trump says he doesn’t see a recession on the horizon, noting that consumer confidence is high while unemployment is low.
“We’re doing tremendously well,” Trump told reporters on Sunday. “Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.”
Even so, yesterday the president said he was “thinking about” cutting payroll taxes, a move that would put more money into consumers’ pockets. Also this week he called for the Federal Reserve to sharply cut interest rates, presumably to help stave off an economic slowdown.