US President Trump says will be working towards making the US economy the best it can be. Economy was doing great. Regarding the stock market, thought it would go down more; thinks the economy has confidence in the President and Cabinet, and the consumer.

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US President Trump says will be working towards making the US economy the best it can be. Economy was doing great. Regarding the stock market, thought it would go down more; thinks the economy has confidence in the President and Cabinet, and the consumer.

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  • Drug prices will be reduced (reiteration).
  • On March 27th, will announce actions to support US agriculture/farmers.
  • Energy prices will come back down, maybe be lower. US Treasury Secretary will soon talk on this subject.

Context

President Trump's remarks indicate a commitment to bolstering the US economy, which could allude to forthcoming policy actions, including efforts on drug prices and agricultural support. This signals potential stabilization in markets, particularly in the sectors directly affected, such as pharmaceuticals and agriculture, while also implying lower energy prices may enhance consumer sentiment. The positive outlook on economic confidence can strengthen the broader risk appetite, impacting equities and potentially the USD favorably against peers.

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