Trump Claims Credit for ‘Good Parts’ of US Economy, Blames Biden for the Bad

Former President Takes Responsibility While Criticizing Biden’s Economic Policies

In a recent interview on NBC’s “Meet the Press,” former President Donald Trump asserted that the positive aspects of the current US economy stem from his policies, while placing blame for economic challenges on President Joe Biden.

“Ultimately, I take responsibility for everything,” Trump stated, while adding, “But I’ve only just been here for a little more than three months.” This comment appears to reference his recent return to active campaigning for the 2024 presidential election.

Mixed Economic Signals and Tariff Impact

Amid conflicting economic indicators and growing concerns about his aggressive tariff policies, Trump claimed credit for certain economic improvements. “I was able to get down the costs,” he said, adding, “I think the good parts are the Trump economy and the bad parts are the Biden economy because he’s done a terrible job.”

Current economic data shows moderate unemployment at 4.2% and inflation at 2.3% in March, slightly above the Federal Reserve’s target. However, economists have revised growth forecasts downward, citing slowing economic expansion and rising inflation concerns.

Trade Relations and Federal Reserve Criticism

Regarding trade with China, where Trump imposed 145% tariffs, he acknowledged: “We’ve essentially cut off trade relationships by putting that much of a tariff on.” However, he defended this approach, stating, “That’s okay… That means that we’re not losing.”

The former president also continued his criticism of Federal Reserve Chair Jerome Powell, whom he appointed in 2018. “He should lower interest rates,” Trump insisted, claiming now would be the “perfect time” for such action.

While Trump previously suggested firing Powell, he now says he’ll wait until the Fed chair’s term ends in May 2026 to appoint a successor.

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