An upswing in the stock market and firm economic gauges give Trump a powerful message to own — and remove scapegoats to blame if conditions worsen.
The U.S. economy is defying dire predictions of a slowdown this year with wages rising, unemployment falling and markets rocking to new highs. It should be an incumbent president’s dream and a nightmare for those trying to replace him.Despite occasional efforts to change the subject and boast about the economy, he can’t escape the shadow of the Mueller report. Congressional Democrats keep peppering his administration with subpoenas and chattering about impeachment.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. The resilience so far means Trump may be losing the bogeyman he blamed last year as markets tumbled: the Federal Reserve. After taking a brutal verbal beating from Trump for steadily raising interest rates in 2018 in a growing economy, the central bank has paused that campaign to monitor slowing global growth and all but declared an end to rate hikes, helping spark the current market rally.
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