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You are here: Home / Economy / Exchange of the Day

Exchange of the Day

May 2, 2025 at 7:48 pm EDT By Taegan Goddard Leave a Comment

President Trump was interviewed by Kristen Welker of NBC News:

WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing, and I want to know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals?

TRUMP: Well, you know, you say, some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is –

WELKER: That’s what I’m getting at.

TRUMP: There are many people on Wall Street who say this is going to be the greatest windfall to ever happen.

WELKER: And that’s my question, long term, is it okay in the short term to have a recession?

TRUMP: Remember this. Look, yeah, it’s everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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