Donald Trump: Many in Establishment Media ‘Would Love to See a Recession’

[WestVirginiaRebel]

Breitbart

President Donald Trump criticized many figures in the establishment media on Tuesday for rushing to report a looming recession, despite an overall good economy throughout his presidency.

“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”

The president commented to reporters at the White House that it was up to the Federal Reserve to keep growth going, pointing to their psychological impact on the economy.

“If the Fed would do its job, I think we would have a tremendous spur of growth,” he said.

He repeated his criticism of the Federal Reserve for engaging in quantitative tightening during his presidency, calling it a “very bad to do.”

“You have to be proactive,” he said, calling for another rate cut, pointing to the European Union and other countries cutting their interest rates.

“They have to do a rate cut,” he said, insisting that at a minimum the Federal Reserve should do nothing.

Trump said he was looking for any kind of tax cut, as part of his overall economic strategy, confirming that he had been thinking about indexing capital gains or pushing forward on a payroll tax.

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The media should be careful what they wish for...