March CNBC Fed Survey on Recession Risk and Economic Outlook

Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025, and hiked their inflation outlook due to concerns over fiscal policies from the Trump administration, especially tariffs.

Trump Administration's Approach to Federal Reserve Rate Cuts

Treasury Secretary Scott Bessent explains that President Trump is not demanding rate cuts from the Federal Reserve. The administration is focused on fiscal and regulatory policies to reduce longer-term interest rates.

Comparison of Fiscal Policies: Trump vs. Biden

Analysis shows Trump administration added twice the amount to the national deficit as President Biden's, mostly due to Tax Cuts and Jobs Act and changes to Affordable Care Act. Biden's additions were mainly due to Bipartisan Infrastructure Law, student debt relief, and executive actions.