Congressional analysts predict slower GDP growth, lower labor force participation
A worker boxes orders at the Amazon Fulfillment Center in Robbinsville, New Jersey. President Donald Trump said the U.S. economy is in a “boom” under his watch, but the Congressional Budget Office projects lower labor participation rates and slower GDP growth. (Mark Makela/Getty Images)
Despite warning signs of an economic slowdown, President Donald Trump on Tuesday told an audience of wealthy and influential New York players that the U.S. economy is booming — almost exclusively because of his stewardship.
“Today, I am proud to stand before you as President to report that we have delivered on our promises — and exceeded our expectations. We have ended the war on American Workers, we have stopped the assault on American Industry, and we have launched an economic boom the likes of which we have never seen before,” Trump said at a lunch hour address before the Economic Club of New York, the word “boom” in all capital letters on the White House-released excerpts.