The Wall Street Journal’s James Freeman was bullish on the state of economy when speaking with Fox News Friday, although he did not give credit to President Donald Trump’s tariffs when touting the gains.
Freeman, a Fox News contributor, said news reports may show that consumer confidence has slumped due to inflation, but that doesn’t mean Americans aren’t actually spending.
“This has been the story for a few years now,” Freeman said. “Consumers, voters, are very angry about inflation. They don’t like it. I think that explains a lot of the 2024 election results and the 2025 campaigns as well…Inflation by some measures ticking down a little, but still stubbornly near that 3% area, roughly where it was when President Trump took office. So, I think that’s a disappointment for consumers. I think the answer to that is productivity and growth, and the Federal Reserve restraining the growth of the money supply.”
Freeman added, “I know the president wants lower interest rates. He might want to rethink that and urge them to focus on perhaps even higher rates.”
Freeman continued:
This is a very good economy..I think I would disagree with [Trump] this is because of the tariffs — I think it’s probably in spite of them.
Freeman said job growth is steady, as are corporate earnings.
“It’s really that inflation number and trying to kill that beast that has afflicted us for several years now is what consumers would want before they get into a much happier mood,” Freeman said. “I think everybody has to be happy about that third quarter number on growth. Very good news.”
Watch the clip above via Fox News.
The post Fox News Contributor Claims Economy Is In a ‘Very Good’ Place Despite Trump’s Tariffs first appeared on Mediaite.