On Sunday, President Donald Trump said something surprising on Fox News.

He said he wasn't going to rule out a recession.

Are you expecting a recession this year?

I hate to predict things like that.

There is a period of transition because what we're doing is very big.

We're bringing wealth back to America.

That's a big thing.

And there are always periods of—it takes a little time.

It takes a little time.

His statement marked a shift in the message coming from the White House.

Trump has promised a sweeping transformation of the American economy, one that makes America

affordable again.

But now, the messaging is that implementing that vision could cause some short-term pain.

Here's Treasury Secretary Scott Besson on CNBC. The market and the economy have just become hooked.

We've become addicted to this government spending,

and there's going to be a detox period.

Already, the economy is seeing some signs that that pain is here.

Consumer confidence is down nearly 10% from last month.

The Dow plunging nearly 750 points, the S&P 500, NASDAQ, both falling sharply as well

amid fears of a slowing economy and stubborn inflation.

The new 25% tariffs on Canada and Mexico and additional tariffs on China risk raising prices for American households on everything from...

We're starting to see some cracks. We're starting to see companies talk about, you know, declining demand for their products and services.

...