Quotes
The talk of tariffs is, in a lot of ways, worse than the implementation of them,
said David Bahnsen, chief investment officer at the Bahnsen Group
I do not believe the administration knows how the tariff situation will play out, but if I were a betting man I would say that it will persist long enough to do damage to economic activity for at least a quarter or two, and ultimately result in a deal with different countries that make everyone wonder why we went through all the fuss,
he said in a note MondayI don't think we will talk about a U.S. recession. The U.S economy is resilient, I would say, largely despite Donald Trump,
Holger Schmieding, chief economist at Berenberg Bank, told CNBC's "Squawk Box Europe" on Monday
U.S. consumers have money to spend, [and] they probably will. The labor market in the U.S. remains reasonably firm, and with energy prices coming down a bit and probably some tax cuts and deregulation coming, I don't think there's an imminent recession risk,
Nonetheless ... according to SchmiedingThe more benign macroeconomic backdrop that investors had in mind going into 2025 has arguably been shattered,
reckons AXA Investment Managers' Chris Iggo
Fiscal policies will be the primary driver of almost everything that matters to investors,
currency fund manager Stephen Jen said last week
Despite elevated levels of uncertainty, the US economy continues to be in a good place,
Powell said at an event hosted by the University of Chicago on FridayFederal government job losses could be larger than expected, and laid-off workers could pull back on their spending, leading to slower job growth in other industries,
said Gus Faucher, chief economist at PNC, in a note to investors FridayAbsolutely not... There's going to be no recession in America."
But when asked whether the US economy could face a recession Lutnick added
It takes a little time, but I think it should be great for us,
Trump addedDonald Trump is a winner. He’s going to win for the American people. That’s just the way it’s going to be,
Lutnick said during an interview with Meet the Press
I would never bet on recession,
Lutnick addedWe're okay with that. It won't be much."
In his State of the Union message on Tuesday, Trump told Americans to
He's not going to step off the gas,
Lutnick said on NBC's "Meet the Press."
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Pounding Canada as if they're the exact same thing as China - it just creates this chaotic feeling,
U.S. Senator Elissa Slotkin, of Michigan, said on NBC
These broad, indiscriminate and on-again, off-again tariffs don't help anyone. They don't help farmers. They don't help auto workers. They're a mistake,
U.S. Senator Adam Schiff of California said on ABCAnybody who bets against Donald Trump, it’s like the same people who thought Donald Trump wasn’t going to win a year ago … you are going to see over the next two years the greatest set of growth coming from America … I would never bet on recession, no chance.”
Lutnick added
You may get it. In the meantime, guess what? Interest rates are down.”
When asked whether he thought his tariffs on US imports would fuel inflation, he saidWe’re a big, big country and they do a lot of their business with us, whereas in our case it’s much less significant. We do very little with Canada by comparison,
Trump said
We’ll unleash America out to the world, grow our economy in a way we’ve never grown before. You are going to see over the next two years the greatest set of growth coming from America as Americans,
he continued