Donald Trump, the President of the United States, admitted that the country’s economy is transitioning from a period of high spending to a more precise approach that could lead to economic slowdown. Trump, in an interview with Fox News, said this process is focused on building a country for the long term. He added that this transition is about bringing wealth back to America and may take time. Trump refrained from predicting a recession but acknowledged that there will be disruptions in the economy. Investors and economists have warned about Trump’s tariff policies and ‘America First’. The Federal Reserve of Atlanta has predicted a 1.5% contraction in the economy in the first quarter. Trump emphasized that during this period, Wall Street cannot be the sole indicator to evaluate his government’s economic policies, and his goal is to build a strong nation.
