Trump sees "period of transition" as recession fears rise

What they're saying: Trump was asked about recession risks in an interview with Fox News' "Sunday Morning Futures."

• "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," Trump said.
• "There are always periods of ... it takes a little time, it takes a little time, but I think it should be great for us, I mean I think it should be great."

Between the lines: As Axios' Neil Irwin writes, the administration appears to be shrugging off the specter of inflation or recession in pursuit of its long-term goals.

• That has, itself, emerged as the economy's biggest near-term risk.

The intrigue: The administration has delivered mixed messaging on whether there's been a recession, or if one is coming.

• In late February, Treasury Secretary Scott Bessent said the private sector has already been in a recession, with government spending keeping the economy as a whole from tipping over.
• But on "Meet the Press" Sunday, Commerce Secretary Howard Lutnick argued against a pullback.
• "There's going to be no recession in America," Lutnick said, later adding "I would never bet on recession. No chance."