Trump 2.0: The Uncertainty Economy

特朗普2.0:不确定经济

The Journal.

新闻

2025-03-14

25 分钟
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The Federal Reserve has been focused on cooling inflation and achieving a so-called soft landing. President Trump’s trade policies have sent markets reeling and fears of a recession are on the rise. WSJ’s Nick Timiraos joins Ryan Knutson and Molly Ball to discuss Trump’s economic vision. Plus, the Trump administration is moving to deport a permanent legal resident of the United States and the possibility of a government shutdown has Democrats in a pickle. Further Listening:  - What’s Going On With the Economy  - Tesla Has a Problem: Elon Musk  - The Fight to Kick Soda Out of Food Stamps  Further Reading: - How Trump 2.0 Is Shifting Its Tone on Markets  - A Presidency of Upheaval Emboldens Trump  Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • All right, Molly, we have made it past the halfway point.

  • That's right.

  • We hit a big milestone this week.

  • In the first 100 days, we have passed day 50.

  • How much has Trump accomplished in his first 50 days compared to how much most presidents accomplish in the first 100?

  • Has he set a new land speed record?

  • Look, there's no question that this has been an action packed and eventful first 50 days of the Trump presidency.

  • Presidency.

  • He has signed a record number of executive orders.

  • At the same time, he has not passed a lot of legislation.

  • And especially considering that he does have majorities in the House and Senate, the legislative agenda is strikingly modest.

  • But one of the things he's very good at is creating the impression of action, creating the impression of disruption so that people feel like he's doing stuff.

  • And that's a big, I think part of the Trump political profile is just this idea that he's a strong leader, he's a man of action.

  • Well, all of this action is starting to create a reaction in the stock market and the broader economy, which is the main thing that I wanted to talk about today.

  • But first of all, can you just remind us how important was the economy to Trump's presidential campaign and ultimate reelection?

  • In exit polls, voters said that the number one issue for the plurality of voters was the economy, specifically prices.

  • And they rated Trump much better on that issue than his opponent, Kamala Harris.

  • And I think in a bigger sense, the economy has always been central to Trump's political brand.

  • He's seen as a businessman.

  • He's seen as someone who has a command of the economy.