Deputy White House Chief of Staff Stephen Miller defended President Trump's response to questions about possible weekend-long recession, saying it's not the president's job to predict the economic situation.
“His comments are totally correct. It's not our job to create these kinds of prognosis. Miller is our job under President Trump's leadership to lock the economy into stopping the bleeding for four years, with his appearance on News Nation's “hill.”
The president raised concerns about the possible recession on Sunday.
“I hate predicting such things. What we do is so big, so there's a period of transition. We're bringing wealth back to America. That's a big deal,” Trump said when asked about the possibility of a recession.
“And there's always a period. 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,” he added.
The Dow Jones industrial average closed 890 points (2.1%), rattling financial markets on Monday.
Miller quoted it February work Reports as a sign of economic progress under the Trump administration. The US added 151,000 jobs in February in a variety of industries, including healthcare, transportation and warehousing.
“I think the most important thing is that we are already seeing the economic benefits of this policy change. The last employment report, the Trump administration's first report, showed American citizens getting 150,000 jobs,” Miller told Anchor Blake Berman.
“For the first time in recent memory, all employment growth is in the private sector, and the government sector alone has lost jobs, of course, because government is shrinking government, it is the growth of federal spending that drives inflation,” he added.
Miller also claimed that “new jobs” were only for Americans, but “foreign workers lost their jobs.”
Trump is working with “borderland” Tom Homan to fulfill his promise of a massive deportation campaign while curbing the speed of illegal immigration. He has also introduced numerous tariffs in the US's largest trading partners, Canada, Mexico and China, raising prices for imports, and then strengthening US manufacturing.
Miller said the president is revising the country's crisis “one by one.”
“We have an unsustainable defence commitment around the world, where we are drying out our defense budget,” he told Berman.
“We have important manufacturing and supply chains, such as chips and semiconductors, which are almost entirely housed overseas, and other countries can close their lights in the US, unless they bring these important supply chains home.
