Trump's dilemma lies behind a series of confusing rounds between an unconventional Republican president and the Federal Reserve that sticks to its business.
"Not bad" is not Trump's promise during the 2016 election. As he enters the election year, his key economic goals have not been met and he fears that the U.S. recession may undermine his plans for re-election.
Economic growth is weakening at a much lower annual rate than the 3% he claims the government can achieve; the trade deficit is widening and the trade war with China is not as easy to win as he said; investment has not soared as he promised after tax cuts, and corporate capital expenditure has been dragging down recently. Overall economic growth.
Jobs are increasing every month. But this trend has lasted for nearly nine years, and in many ways the best days of Trump Economics may have passed, as economic performance has returned to an annual growth of about 2% during the Obama presidency.
"He is very concerned about the Fed because from the point of view of avoiding recession, he recognizes that the Fed is the biggest obstacle to running for re-election," said a source who regularly communicates with the White House. He explained that Trump did not want to take risks even if the risk of recession was small.
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