'The Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish!' he wrote.
, and is generally seen as a worrying economic sign) sent investors scrambling and preparing for imminent recession. The inversion of the yield curve has preceded every recession since 1955.
"Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed," Trump tweeted Monday, referencing the Fed chief his team vetted and nominated. The president continued, saying that"the Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish!" He did not give any evidence about how or why"the Democrats" were"willing" a bad economy, but why bother.
It's also unclear why the president wants to take these actions if he believes fears of a recession are overblown. Further confusing matters, the president's chief economic adviser, Larry Kudlow, has scheduled a meeting about the economy with business leaders tomorrow, indicating that there are sincere fears of a downturn.
"The fundamentals of the economy are very strong," White House counselor Kellyanne Conway told reporters, adding that"it's nice to see the media finally cover the Trump economy." She then claimed that journalists only"seem to cover it only when you can use the Sesame Street word of the day: Recession."
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