Quotes
In short, there is more slack in the jobs market and that will weigh on wages and salaries,
Dutta wrote
The path to sustainably returning inflation to our target has been bumpy, and we expect that to continue,
Fed Chair Jerome Powell said last weekThe markets hated the uncertainty,
he said
So you said that the Dow dropping and dropping and dropping is a period of transition,
Doocy said
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Well, I'm glad you brought up workers, because that's exactly who President Trump is looking out for with his America First trade policy and his America First economic agenda,
Leavitt respondedI hate to predict things like that. There is a period of transition because what we’re doing is very big. ... It takes a little time.”
When asked whether he expected a recession this year, Trump said
This is gonna be hard. It might be a little painful, but the CEO of our country, President Donald Trump, is actually doing something that is really courageous,
Fox Business co-host Jackie DeAngelis asserted on MondayRight now, Trump is attempting to reimagine our entire economy because it's not working too well when you really think about it. If this plan works, labor in this country will cost more as workers see better pay, less outsourcing, and fewer illegals plunging the pay scale,
the conservative host concludedSo perhaps stocks need to take a nosedive so the working man can get a little relief from all of this inflation,
Schmitt confidently proclaimedMost Americans have little engagement with Wall Street. Maybe a modest 401 K, which, at this rate, will cover a few years of their retirement if they're lucky,
Schmitt saidWhen Americans voted Donald Trump into office, they voted for massive change,
the MAGA host declared at the top of his Newsmax program Monday eveningThe markets tanked today. Investors worried as Trump works to reimagine the American economy and our foreign policy economically. Massive government cuts, tariffs and the mass deportation of cheap, illegal American labor — all of that is instability, and Wall Street hates instability.”
He addedIt does look increasingly like the president is serious and is going to engage in broad-based tariffs in a persistent way. If he does, I do expect other countries to retaliate more or less in kind, and that full-blown trade war is going to do a lot of damage. And if it actually goes down that path, I do think recession risks later in the year, later this spring and summer, are very high,
Zandi continued
This is the shortest honeymoon period we’ve ever seen if you are 50 days on the job. He inherited on paper a pretty stable, pretty solid economy and it is already deteriorating after 50 days. I don’t think that that’s ever happened,
Pancotti addedI think the real risk here is that if Trump doesn’t reverse course on what he’s doing, it could be his last boring report, which I think would be really damaging to the economy. If you look under the hood, I think we are starting to see pretty foreboding cracks,
Elizabeth Pancotti, the managing director of policy and advocacy at the economic think tank Groundwork Collective, told Al JazeeraThis is the calm before the storm, before we start to see the fallout in the job market from the trade war and the DOGE cuts, and other economic policies from Trump,
Zandi told Al JazeeraIf we’re looking at massive Medicaid cuts – we’re already seeing [National Institutes of Health] NIH and health research cuts – Medicare cuts are on the table. All of those really could threaten the sector that is driving a lot of those job gains,
Pancotti continuedI’m on my own supporting my two kids. It’s just going to make that a lot more difficult to make it through this uncertainty,
Clore told Al JazeeraThe trade war is even doing more damage than those kinds of other economic policy steps that are being taken. It’s creating uncertainty for businesses,
Zandi added
Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month,
Nela Richardson, the chief economist at ADP, said in a statement