Overview
- Howard Lutnick told Axios that "the economy that Donald Trump owns starts at the end of this year," resetting the administration’s timeline for accountability.
- In a separate Newsmax interview, he said the Trump economy is coming "in the beginning of next year," underscoring shifting public timelines.
- Lutnick projected record construction employment by the first quarter of next year and said GDP growth could top 4%, framing the outlook as near‑term goals.
- Recent data show inflation rising for a fourth straight month and initial jobless claims at multi‑year highs, with job growth slowing.
- Lutnick had declared on X in July that "the Trump Economy has officially arrived," a claim critics now deride as he revises expectations.