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WSJ Opinion: Potomac Watch

Is the Economy Headed for a Trump Recession?

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

42.7K Ratings

🗓️ 10 March 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Despite warnings in financial markets, Commerce Secretary Howard Lutnick says there will be no economic downturn. Donald Trump is more equivocal as he says the economy is in transition to better days as his tariffs are implemented.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We have oil and gas.

0:01.7

The royalties that we get helps our family, helps our children to go to school.

0:06.8

America's oil and natural gas strengthens communities.

0:10.2

Learn more at lightsonenergy.org, paid for by the American Petroleum Institute.

0:17.5

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

0:23.6

Is the American economy headed toward a recession?

0:27.7

Signs are mixed, but concern is rising as Donald Trump's tariffs produce uncertainty among businesses and consumers.

0:35.7

That's our subject for today on Potomac Watch, the podcast to the Wall Street Journal opinion

0:41.3

pages.

0:42.3

I'm Paul as you go here with Mary Hogue Grady and Joe Sternberg.

0:46.2

So the economy was supposed to be Donald Trump's strong suit as markets soared after he

0:51.5

was elected in November, but that thrill is gone as markets have declined.

0:57.6

Stocks have given up their post-election gains.

1:00.6

Job market is holding up so far based on the February jobs report that came out Friday.

1:05.9

But consumer confidence is down and business survey cite uncertainty as a reason for being cautious about

1:14.4

capital investment. Let's listen to Donald Trump on Fox News on Sunday when he was asked about

1:20.9

whether a recession is coming. Are you expecting a recession this year?

1:26.2

I hate to predict things like that.

1:28.3

There is a period of transition because what we're doing is very big.

1:33.3

We're bringing wealth back to America.

1:36.3

That's a big thing.

1:37.3

And there are always periods of, it takes a little time.

...

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