In a recent NBC interview, Commerce Secretary Howard Lutnick expressed strong confidence that America will not enter a recession, despite darkening consumer sentiment and concerning predictions from major banks. Lutnick stated that under Trump's leadership, America's economy is poised for significant growth, citing projections of substantial corporate investment and job creation from reciprocal tariffs. However, President Trump, in a subsequent interview, tempered Lutnick's optimism by avoiding a definitive stance on a potential recession, instead acknowledging a period of transition ahead for the economy.
Lutnick stated, "I would never bet on recession. No chance. Donald Trump is bringing growth to America," emphasizing his confidence in the economy under Trump.
Lutnick emphasized that the projected investment would lead to job creation and a significant increase in GDP, asserting that this growth would be unprecedented.
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