White House Rejects Recession Fears

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Chief White House economist Stephen Miran dismissed the deepening fears of a recession on Wall Street, saying that President Donald Trump’s plans for deregulation and tax cuts will more than offset any hit from tariff hikes.

“The president acted with historic scope and speed to address what was a decades-long festering problem that had been eroding our competitiveness and eroding our prosperity and eroding our economy,” Miran said in an interview with Bloomberg Television Friday. “So of course there’s going to be some market volatility on the back of that.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Chair of the White House Council of Economic Advisers Stephen Miran.
• Bloomberg's Romaine Bostick.
• Republican Congressman French Hill of Arkansas, Chair of the House Financial Services Committee.
• Democratic Congressman Glenn Ivey of Maryland and IonQ CEO Niccolo De Masi.

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