Trump says US economy is in ‘transition stage’, boasts ‘strong’ job numbers

President Donald Trump on Friday said the US economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the US Federal Reserve to lower its interest rate.

“We’re only in a transition stage, just getting started!” he said in a Truth Social post. The post followed the release of US data that showed job growth slowed marginally for April.

Shortly after the data was published, Trump took to his Truth Social account to talk up the “strong” employment figures.”Just like I said, and we’re only in a TRANSITION STAGE, just getting started!!!” the US president said.