In a special interview with CNBC, Trump stated that the US economy is outperforming previous periods during his leadership, claiming that his second term has eclipsed the economic successes of his first.
“Currently, we are in a golden age.”
Trump noted that more factories are being constructed than ever before and asserted that employment has hit record levels, with workers earning more than at any time in US history.
He also highlighted improvements in retirement savings, stating that 401(k) accounts have significantly risen alongside record highs in US equity markets.
The President mentioned that his administration has already achieved dozens of historic closes on Wall Street, suggesting that this performance surpasses that of his first term.
He criticized how financial markets respond to economic data, claiming that investors have become overly focused on inflation rather than growth.
“When positive numbers are announced, the stock market sometimes declines… due to this phobia… about inflation.”
Trump stated that stronger economic growth should be viewed as a positive development and suggested that the Federal Reserve has the capacity to bolster the economy. While referring to Federal Reserve Chair Kevin Warsh as “a great pro,” he expressed that other members of the central bank’s board might complicate efforts to lower interest rates.
The President also dismissed worries regarding potential conflicts with his business interests, asserting that he has no involvement in managing the Trump Organization while in office. He mentioned that his investments are independently managed by large financial firms and reiterated that he has foregone the presidential salary.
