The Journal. cover image

The Journal.

What's Going On With the Economy?

Mar 12, 2025
Join WSJ reporter Ashby Jones, who unveils worrying signs in the economy, alongside Brian Schwartz, a White House reporter spotlighting economic policy. They dive into President Trump's candid remarks on a potential recession and explore how ongoing tariff fluctuations are creating confusion. The duo also discusses the impact of consumer confidence on economic indicators and addresses the administration's challenges in navigating these turbulent waters. Tune in for insights on the economy's uncertain future!
21:01

Podcast summary created with Snipd AI

Quick takeaways

  • President Trump's economic reforms could cause short-term pain and contribute to a potential recession as consumer confidence declines.
  • The introduction of new tariffs is causing rising prices and uncertainty, impacting consumer spending and leading to concerns about economic stability.

Deep dives

Trump's Economic Transition and Its Consequences

President Trump acknowledges that his vision for transforming the American economy may lead to short-term pain, indicating the potential for a recession amidst ongoing transition. He aims to bring wealth back to America through substantial economic reforms, but this has caused a shift in messaging from a hopeful transformation to one that recognizes looming challenges. As consumer confidence declines and stock markets drop, the administration is grappling with the reality that implementing these ambitious economic changes might involve difficult adjustments for American households. The idea of a detox period from government spending addiction adds further complexity to the situation, as signs of economic slippage become evident.

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