Wall Street Fears Trump Will Wreck the Soft Landing
For the past year, U.S. economic policymakers have been singularly focused on achieving a so-called soft landing that brings inflation down without a recession. Now, a new team of pilots are considering a course correction that, by their own acknowledgment, might tip the economy toward a hard landing.In an interview that aired Sunday on Fox News, Trump sidestepped a question about whether a recession could lie ahead. "There is a period of transition because what we're doing is very big," he said. "What I have to do is build a strong country. You can't really watch the stock market.". Given a chance to explain those comments later Sunday, Trump instead doubled down in remarks to reporters on Air Force One that evening. "Tariffs are going to be the greatest thing we've ever done as a country. It's going to make our country rich again," he said.Business travel has also softened. "Where there are places where people just aren't quite sure what's going to happen, companies are pulling back,