Yet despite gyrations in the U.S. stock market and economic slowdowns in other countries, officials in the White House, at the Treasury Department and throughout the administration are planning no new steps to attempt to stave off a recession. Rather, Trump’s economic advisers have been delivering the president upbeat assessments in which they argue that the domestic economy is stronger than many forecasters are making it out to be…
Privately, however, the president has sounded anxious and apprehensive. From his golf club in New Jersey, where he is vacationing this week, Trump has called a number of business leaders and financial executives to sound them out — and they have provided him a decidedly mixed analysis, according to two people familiar with the discussions who spoke on the condition of anonymity because the conversations were confidential.
Trump has a somewhat conspiratorial view, telling some confidants that he distrusts statistics he sees reported in the news media and that he suspects many economists and other forecasters are presenting biased data to thwart his reelection, according to one Republican close to the administration who was briefed on some of the conversations.
“He’s rattled,” this Republican said. “He thinks that all the people that do this economic forecasting are a bunch of establishment weenies — elites who don’t know anything about the real economy and they’re against Trump.”