Karoline Leavitt Responds to Goldman Sachs Recession Odds Amidst Tariff Discussions

Goldman Sachs Recession Forecast

• 📈 Goldman Sachs released a research note indicating a 45% chance of recession within the next 12 months, an increase from their previous 35% estimate.

White House Economic Optimism

• 🗣️ Karoline Leavitt stated she can speak for the President's optimism regarding the economy.
• 📉 She highlighted positive economic indicators such as deregulation efforts, lower oil and gas prices, and decreased egg prices, which reduce costs for American consumers.
• 💰 The administration is also seeing trillions of dollars in investments flowing into the country.

Tariff Policy and Tax Cuts

• ⚖️ Efforts are underway to advance the tariff side of the President's economic agenda.
• 🏛️ Leavitt emphasized the importance of tax cuts being passed by Capitol Hill, referring to them as the largest in history.
• ❓ When asked if the likelihood of recession increases without these tax cuts, Leavitt clarified that she was not making that specific statement but urged mindfulness of the administration's whole-of-government economic approach.