Donald Trump estimated on Sunday during an interview with NBC that the “good sides” of the American economy were the consequence of his policy while “the bad sides” resulted from the action of his predecessor Joe Biden who “did a terrible job”.
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“In the end, I assume responsibility for everything. But I have only been there for a little over three months, “said the American president.
According to him, the American economy reflects “for certain aspects” its policy. “I managed to lower prices,” said Trump, defending the trade war he has launched since his return to the White House.
If regular economic barometers show increasing nervousness, official indicators remain contained (4.2% unemployment in April, 2.3% inflation in March, slightly above the target of the American central bank).
Officials of the Federal Reserve (Fed), however, degraded their forecasts for the first world economy, anticipating less growth, more inflation and unemployment.
-Asked about the risk of a recession in the United States, the American president replied: “Anything can happen”.
“It is a period of transition, and I think it will be very good at the way,” added the American leader, anticipating “the biggest economic boom in history” thanks to his political choices.
Regarding Beijing, towards whom Donald Trump concentrates his arrows by imposing a surcharge of 145% on the products made in China“We have essentially broken trade relations by imposing such high customs duties,” recalled the tenant of the White House.
“And it does not matter,” he added, saying, however, wanting to lower these customs duties “at a given time”.
Acerbic critic of the boss of the Fed Jerome Powell, Donald Trump repeated on Sunday that he “should lower interest rates” and that it was “ideal moment”.
The outcome of the meeting of the Federal Reserve, scheduled for Tuesday and Wednesday, is hardly in doubt in the eyes of the immense majority of finance players.
The monetary institution should leave its rates at the level which has been theirs since December, in a range between 4.25% and 4.50%.
The American president also assured that he would not try to make Jerome Powell leave before the end of his second term, who had to end in May 2026.
