Trump downplays recession fears, saying the U.S. would be 'OK' in the long term
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President Donald Trump on Friday downplayed concerns about potential economic trouble, saying everything would be “OK” in the long term, even if the U.S economy experienced a recession in the short term. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Asked twice by “Meet the Press” moderator Kristen Welker whether it would be OK in the long run if there were a recession in the short term, the president said, “Look, yeah, it’s — everything’s OK.
AI Summary
Main Idea: President Donald Trump said the U.S. would be “OK” in the long term even if it faces a short-term recession, as worries grow over the economic impact of his tariff policy.
Key Points:
- Trump said he was not worried about a recession and said the economy is in a “transition period.”
- He said he expects the U.S. to have the “greatest economy” in the country’s history.
- Wall Street analysts have grown more concerned that Trump’s changing tariff plans could help push the economy into a recession.
- The Commerce Department said the U.S. economy shrank by 0.3% in the first quarter of 2025, and Trump blamed the result on Joe Biden’s legacy.
Impact on the People
Negative Impact
Trump’s tariff moves and recession talk could raise prices, cut jobs, and squeeze household budgets if growth slows.
Positive Impact
Trump said the economy should be OK long term, and markets have partly recovered, which may reassure some investors and businesses.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:President Donald Trumpperson
Candidate Entities3 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonPrimaryEvaluated
Central figure in the article; his comments downplaying recession fears and tariffs drive the entire story.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Kristen WelkerpersonContextCandidate
Named interviewer whose questions are part of the quoted exchange, but she is not the focus.
Include 0 (0%)Ignore 0 (0%)5 to threshold - President Joe BidenpersonContextCandidate
Mentioned by Trump as the prior administration he blames for the economic numbers, but not a central focus.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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