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,” the Wall Street Journal reports.

“President Trump and his senior advisers in recent days have signaled indifference to rising risks that trade uncertainty chills private-sector investment. They have argued a ‘detox’ might be needed in spending and hiring, that falling stock values aren’t a big worry, and that inflation could rise in the short run.”