US President Donald Trump has expressed optimism about the future of the US economy, despite acknowledging that his country is going through a transition period as a result of the new trade policies implemented by his administration.
This came during an interview with the "Sunday Morning Futures" program on "Fox News" on Sunday, where Trump avoided predicting a full-scale economic recession, but he acknowledged that the ongoing changes may take time to show positive results.
Market indicators indicate that the possibility of an economic recession in the United States has increased in recent weeks, raising concerns about slowing economic growth. However, the Trump administration appears to be focusing on long-term goals, somewhat ignoring short-term risks such as inflation or recession.
When asked about the risks of a recession, Trump replied: "I hate to predict things like that. There is a transition period, because what we are doing is very big, we are returning wealth to America, and that is a big thing."
“There are always periods,” he added. “It takes a little bit of time, but I think it should be great for us, I mean I think it will be great.”
The Trump administration has sent mixed messages about the likelihood of a recession. In late February, Treasury Secretary Scott Bessent said the private sector was already in recession, but that government spending had kept the economy as a whole from collapsing.
In contrast, Commerce Secretary Howard Lutnick argued against the idea of a recession during an appearance on “Meet the Press” on Sunday, saying, “There will never be a recession in America.” He added, “I would never bet on a recession. There’s no chance.”
As Axios’s Neil Irwin noted, the biggest risk to the U.S. economy in the near term is inflation or recession. Still, the Trump administration appears focused on its long-term goals, such as bringing wealth back to America and boosting domestic manufacturing, even if that means a difficult transition.
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