Trump Flips the Script on NBC Host’s ‘Some People on Wall Street’ Narrative [WATCH]

President Donald Trump addressed concerns over the U.S. economy during a sit-down interview with NBC’s Meet the Press, hosted by Kristen Welker, at his Mar-a-Lago estate.

The wide-ranging discussion included Welker pressing the President on whether he was concerned about a possible recession during his second term.

Welker questioned the President multiple times about economic forecasts suggesting a potential downturn, citing unnamed Wall Street sources raising alarms over rising risks.

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“Some people on Wall Street have expressed concerns that the possibility of a recession is increasing,” Welker said.

“Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long-term goals?”

President Trump dismissed the framing, offering a more optimistic outlook.

“Look, yeah, it’s, everything’s OK. What we are… I said, this is a transition period. I think we’re going to do fantastically,” Trump responded.

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Trump then challenged the narrative being presented.

“Well, you know, you say, ‘Some people on Wall Street say’ — well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them?” Trump said.

“Because some people…there are many people on Wall Street that say this is going to be the greatest windfall ever happen.”

Fake News NBC: “Some people on Wall Street have expressed concerns…”@POTUS: “Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them?” pic.twitter.com/GzCCRTVC7V

— Rapid Response 47 (@RapidResponse47) May 2, 2025

The interview aired amid renewed media discussion over the possibility of a “Trumpcession,” a term now gaining attention in some press circles.

This focus comes despite the economic strain many Americans continue to experience following Joe Biden’s four years in office.

High inflation, rising interest rates, and a declining real wage environment have led to questions about the health of the economy going into Trump’s second term.

During Biden’s presidency, the U.S. economy experienced two consecutive quarters of negative GDP growth in the first half of 2022—a traditional marker of recession.

At the time, however, several media outlets and political figures insisted that the country was not officially in recession.

In July 2022, NPR published a piece stating: “While two consecutive quarters of negative growth is often considered a recession, it’s not an official definition.

A nonprofit, non-partisan organization called the National Bureau of Economic Research determines when the U.S. economy is in a recession.

An NBER committee made up of eight economists makes that determination and many factors go into that calculation.”

The redefinition received criticism at the time from economic analysts and political commentators, who pointed out that the same benchmark had been used for decades without challenge — until it reflected poorly on the Biden-Harris administration.

President Trump, now in his second term, has consistently pointed to energy independence, tax reform, deregulation, and renegotiated trade deals from his first administration as key components of what he describes as a framework for long-term economic growth.

In the NBC interview, he maintained that his current economic team is focused on maintaining momentum, particularly in the manufacturing and energy sectors.

The full interview at Mar-a-Lago also touched on foreign policy, border security, and judicial appointments, but it was the economic segment that drew the most attention following its release.

No official projections have labeled the current economic trajectory a recession, and analysts remain divided over the long-term outlook.

However, President Trump emphasized that his administration is preparing for growth, not contraction.

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