US Edition'We’re Gonna Boom': Trump Mocks Wall Street's Stagflation Predictions Despite Grim Data
- President Donald Trump mocked concerns over stagflation, stating, "This country is going to be more successful than it ever was," despite alarming economic data according to a conversation on Air Force One.
- Economic experts warn that rising inflation and joblessness are likely, leading to a drop in demand for goods and services.
- A YouGov/Yahoo poll indicates that 51% of Americans disapprove of Trump's handling of the economy, the highest disapproval since the COVID pandemic.
- Mark Zandi, chief economist for Moody's Analytics, raised the odds of a recession this year to 40%, highlighting that uncertainties from tariffs contribute to a stagflationary outlook.
4 Articles
4 Articles
‘We’re gonna boom’: Trump mocks Wall Street’s stagflation predictions despite grim data
President Donald Trump’s economic policies have already cost him the confidence of a majority of Americans. The stock markets and consumer confidence plunged last week—and the fall continued Monday morning, with markets hitting lows not seen since September. Economic experts are sounding the alarm, ...
'We’re gonna boom': Trump mocks Wall Street’s stagflation predictions despite grim data
President Donald Trump’s economic policies have already cost him the confidence of a majority of Americans. The stock markets and consumer confidence plunged last week—and the fall continued Monday morning, with markets hitting lows not seen since September. Economic experts are sounding the alarm, warning that inflation and joblessness are set to rise, and demand for goods and services is poised to drop dramatically. All this comes just days be…
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