President Trump’s refusal to rule out a recession sent Wall Street into a steep drop. Over the weekend, the president dodged a question about a possible recession, but said the U.S. economy will experience a “period of transition” as his policies take effect. The led to a steep Wall Street sell-off to start the week. […]
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Trump silent on worsening economic worries, market sell-off
President Trump’s refusal to rule out a recession sent Wall Street into a steep drop. Over the weekend, the president dodged a question about a possible recession, but said the U.S. economy will experience a “period of transition” as his policies take effect. The led to a steep Wall Street sell-off to start the week. A key Trump economic adviser pushed back on talk of recession, saying there were many reasons to be bullish about the U.S. economy. But a report from the Federal Reserve Bank of New York showed American households growing more pessimistic about their prospects.