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“White House economic advisers see few options for reversing course should the economy start to slip.”
“Trump has taken to blaming others for the recession fears, mostly the [Fed] .... Yet much of the uncertainty in the markets stems from his own escalation of a trade war with China, as well as weakened economies in key countries around the world.”
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“Some of Trump’s closest advisers have urged him to lower the temperature of the trade dispute, fearing that further tariffs would only hurt American consumers and rattle the markets further.”
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“The president blinked once this week, delaying a set of tariffs in an effort to save Christmas sales.
“Aides acknowledge it is unclear what steps the White House could take to stop a downturn.”
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“Aides acknowledge it is unclear what steps the White House could take to stop a downturn.”
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“But the falling rates on U.S. Treasury notes indicates that the recession countdown clock is now ticking, said Scott Anderson, chief economist at Bank of the West.
“The only challenge is figuring out when that alarm bell might ring.”
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“The only challenge is figuring out when that alarm bell might ring.”
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“‘I think we’re heading down that road to recession — we’re on that steady march toward that inevitable conclusion,’ Anderson said. ‘It’s just that drip, drip, drip of trade war anxiety that is hanging over market sentiment.’”
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