Trump Dismisses Wall Street Worries About Short-term Recession: ‘i Think We’re Going To Do Fantastically’

President Donald Trump dismissed worries Friday astir a short-term recession, saying nan U.S. system is successful a "transition period" and nan state will "do fantastically." 

"You say, ‘Some group connected Wall Street say.' Well, I’ll show you thing else: Some group connected Wall Street opportunity that we’re going to person nan top system successful history," Trump told Kristen Welker successful an question and reply pinch NBC News, aft she asked astir Wall Street concerns that nan possibility of a recession is increasing. 

"Why don’t you talk astir them? Because immoderate group connected Wall Street opportunity this is nan top point that ever happened."

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When asked if nan president thinks a recession is OK successful nan short word while trying to scope his semipermanent goals, Trump said, "Yeah, everything’s OK. What we are, I said this is simply a modulation period. I deliberation we’re going to do fantastically."

Recession fears person grown precocious aft Trump imposed tariffs connected various countries, including China, that could lead to higher prices and proviso concatenation issues. 

President Donald Trump dismissed worries Friday astir a short-term recession, saying nan U.S. system is successful a "transition period" and nan state will "do fantastically."  (Andrew Harnik/Getty Images)

Trump has besides seen a flimsy dip successful his support ratings for his handling of nan system since he took office. 

"Gasoline conscionable collapsed $1.98 a Gallon, lowest successful years, groceries (and eggs!) down, power down, owe rates down, employment strong, and overmuch much bully news, arsenic Billions of Dollars move successful from Tariffs," Trump wrote connected Truth Social Friday.

"Just for illustration I said, and we’re only successful a TRANSITION STAGE, conscionable getting started!!! Consumers person been waiting for years to spot pricing travel down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!" 

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"You say, ‘Some group connected Wall Street say.' Well, I’ll show you thing else: Some group connected Wall Street opportunity that we’re going to person nan top system successful history," Trump told Kristen Welker successful an question and reply pinch NBC News. (Michael Nagle)

Earlier this week, nan president acknowledged tariffs could lead to higher prices successful nan short term.

"You know, personification said, ‘Oh, nan shelves are going to beryllium open.’ Well, possibly nan children will person 2 dolls alternatively of 30 dolls, you know? And possibly nan 2 dolls will costs a mates of bucks much than they would normally," Trump said astatine nan extremity of a Cabinet gathering Wednesday while taking questions.

Trump said nan U.S. needs to make a "fair deal" regarding tariffs.  (Brendan Smialowski/AFP via Getty Images)

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"But we're not talking astir thing wherever we'll person to spell retired of our way," he added. "They person ships that are loaded up pinch stuff, overmuch of which we don't need. And we person to make a adjacent deal. We've been ripped disconnected by each state successful nan world, but China, I would say, is nan starring one."