Headline Roundup • August 19th, 2019
President Trump Brushes Off Concerns Of Recession
Summary from the AllSides News Team
Featured Coverage of this Story
New York Post (News)
WASHINGTON – President Trump tried to alleviate fears of a recession on Sunday, echoing recent statements from his top economic advisers.
“I don’t see a recession,” Trump said as he headed to Washington D.C. after vacationing in Bedminster, New Jersey.
He added: “I’m prepared for everything. I don’t think we’re having a recession.”
The comments came after the president reportedly spent portions of his time in Bedminster fretting over what a global economic downturn could do to his reelection prospects.
President Trump and two of his senior economic advisers on Sunday played down the risk of a recession after a tumultuous week in the markets suggested that the economy is heading onto shaky ground.
In an exchange with reporters in Morristown, N.J., shortly before taking off for Washington on Sunday evening, Trump dismissed the notion that the nation is headed toward a downturn, saying, “I don’t see a recession.”
“I mean, the world is in a recession right now — although that’s too big a statement,” he added, in a...
BBC News
Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing "tremendously well".
The US president said he did not see a recession - usually defined as when an economy shrinks for two consecutive quarters.
White House economic adviser Larry Kudlow also said there was "no recession in sight".
Last week, financial markets indicated a recession could be on the way.
This is because it became cheaper for the US government to borrow for 10 years, rather than...
AllSides Picks
More News about Economy and Jobs on AllSides
News from the Left
News from the Center
News from the Right
Fox Business
