meta_pixel
Tapesearch Logo
The Journal.

Trump 2.0: The Uncertainty Economy

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 14 March 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

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

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Molly, we have made it past the halfway point.

0:09.0

That's right. We hit a big milestone this week. In the first 100 days, we have passed day 50.

0:15.8

How much is Trump accomplished in his first 50 days compared to how much most presidents accomplished in the first 100.

0:22.6

Has he set a new land speed record? Look, there's no question that this has been an action-packed

0:28.4

and eventful first 50 days of the Trump presidency. He has signed a record number of executive

0:36.1

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

0:39.9

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

0:46.8

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

0:56.2

he's doing stuff. And that's a big, I think, part of the Trump political profile is just this

1:04.5

idea that he's a strong leader. He's a man of action. Well, all of this action is starting to

1:09.9

create a reaction in the stock market and the broader

1:13.3

economy, which is the main thing that I wanted to talk about today. But first of all, can you just

1:18.3

remind us how important was the economy to Trump's presidential campaign and ultimate re-election?

1:25.5

In exit polls, voters said that the number one issue for the

1:30.2

plurality of voters was the economy, specifically prices, and they rated Trump much better on that

1:36.5

issue than his opponent, Kamala Harris. And I think in a bigger sense, the economy has always been

1:43.1

central to Trump's political brand. He's seen as a

1:45.6

businessman. He's seen as someone who has a command of the economy. And when voters look back on his

1:51.6

first term, the principal thing that they remember is that the economy was good. And so far,

1:58.3

is this the economy that voters were expecting?

2:01.6

Doesn't seem like it.

2:03.0

It seems like, you know, the stock market's going down, various economic indicators are wobbly, and people are nervous.

...

Transcript will be available on the free plan in -17 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.