Trump says US in transition period, downplays impact of short-term recession

WASHINGTON (Reuters) -President Donald Trump said connected Friday the U.S. was successful a "transition period" and was going to bash "fantastically" portion downplaying the interaction immoderate short-term recession whitethorn have.

When asked during an interrogation with NBC News whether it would beryllium OK to person a recession successful the abbreviated term, Trump said: "Look, yeah, it's — everything's OK. What we are — I said, this is simply a modulation period. I deliberation we're going to bash fantastically."

Trump's remark connected the U.S. system being successful a modulation play echoed comments helium made earlier connected Friday successful a societal media post, successful which helium besides cited beardown employment and reiterated his telephone for the U.S. Federal Reserve to little involvement rates.

"We’re lone successful a modulation stage, conscionable getting started!" helium said successful a Truth Social post. The station followed the merchandise of U.S. information that showed occupation maturation slowed marginally for April.

Trump, who conscionable passed his 100th time successful office, has faced increasing nationalist discontent implicit his handling of the economy, with galore economists predicting a wide scope of tariffs imposed successful caller months volition thrust up ostentation and dilatory growth.

A Reuters/Ipsos canvass completed connected Sunday showed 42% of respondents o.k. of Trump's show successful office, a driblet of 5 percent points from conscionable aft his January 20 inauguration.

The U.S. Commerce Department connected Wednesday released beforehand gross home merchandise information that pointed to the archetypal quarterly diminution successful 3 years, with businesses rushing to import a flood of goods up of Trump's tariffs. However, immoderate economists mention robust user spending and backstage concern arsenic a motion maturation could soon rebound.

(Reporting by Kanishka Singh and Ismail Shakil; Editing by Chris Reese)