Trump says economy is 'strong' amid Dow plunge

President Donald Trump tweeted that the economy is "strong" as he is trying to ease fears about a trade war with China.
1:15 | 08/15/19

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Transcript for Trump says economy is 'strong' amid Dow plunge
President trump does not appear to be worried about a possible recession, tweeting that the economy is strong and trying to ease fears about that trade war with China. Terry Moran is at the white house with more on all of that. Good morning, Terry. Reporter: Good morning, Amy. Those are president trump's two basic responses to this market anxiety. First, it's okay, and he's blaming the fed. He's been hammering the fed chairman Jerome Powell, and demanding those rates come down faster and farther. He says if he hadn't been raised, everything would be hunky-dory. He's trying to dial back that trade war with China. This week the president blinked and postponed his latest round of tariffs on China. So the consumers can spend freely during the Christmas season, the time he knows these tariffs can slow down the economy, and looming above everything, the 2020 campaign. The president also knows that the worst thing that can happen to him politically is a recession. Since the civil war, only one president has won the election if there was a recession in the last two years of his term. That was William mckinnely. There is history looming over this. Terry, thank you. In the meantime, we turn now to the breaking developments in the Jeffrey Epstein

This transcript has been automatically generated and may not be 100% accurate.

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