Economist: Trump must consider inflation

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00:00So Trump is saying short, sharp pain, that's what he's telling people, for long-term gain when it comes to the economy.

00:08Can U.S. consumers expect higher prices for goods?

00:12And are people currently nervous about spending money in the U.S. because of the economic uncertainty that they're facing?

00:19Yeah, we've seen the numbers yesterday when it comes to Michigan Survey Consumer Confidence Index.

00:26It fell to its lowest level since five years.

00:30We've seen as well the Conference Board Index, its lowest level since 11 years.

00:36Of course, consumers are worried and we know that we are in a service economy, the states, and it matters a lot.

00:45Of course, inflation is a major factor.

00:49And I guess President Trump has to take it into consideration.

00:54Otherwise, if the situation is going to go out of hand, so the recession might be around.

01:02So although they're saying in case there will be a recession, it's going to be a mild recession.