President Donald Trump is sitting with Maria Baltilomo on “Sunday Morning Futures.”
President Donald Trump has refused to explicitly rule out a full-scale recession in the US economy this year, and Maria Bartilomo exclusively conveyed in the recent “Sunday Morning Future” that he will see a “transition period” as his policies take effect.
“I hate predicting such things,” he said of the recession. “What we’re doing is so big, so there’s a transition period. 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 growing concerns about business leader instability over tariffs imposed on China, Canada and Mexico, as well as concerns about a potential economic slowdown.
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The Atlanta Federal Reserve is projecting a contraction of -2.8% in the first quarter, Baltiromo noted.
President Donald Trump has discussed the latest talks with Iran and shed light on how he likes to negotiate a deal.
Goldman Sachs raised its recession expectations to 20% within the next 12 months, but JP Morgan says the chances of a recession are 35%.
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Maria Bartiromo from Fox Business has an exclusive interview with President Donald Trump and previewing the latest reasons for the tariff negotiations.
Commerce Secretary Howard Lutnick provided a more definitive answer when asked about the possible recession on Sunday, telling NBC News “meet the press.”
“There’s no recession in America… there’s no chance,” he said.
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