A key economic adviser to President Donald Trump on Monday pushed back on talk of recession stemming from uncertainty around his administration’s tariff policies, even as a survey of American households showed consumers growing more pessimistic about their prospects, and U.S. stocks plunged. In an interview with CNBC, Kevin Hassett, who heads the National Economic […]
Trump's tariff policies sparked market selloffs and recession fears. Despite a key economic advisor dismissing recession concerns and claiming tariffs would bring back manufacturing, a survey showed growing consumer pessimism. Economists see increasing recession risks for the US, Mexico, and Canada due to chaotic tariff implementation, while stock markets experienced their largest drop since Trump took office.
