Market volatility 'will settle out ... as we get into April': Trump aide
Share and Follow


White House deputy chief of staff James Blair in a podcast on Friday said market volatility “will settle out a little bit” in April, once the markets are able to “absorb and price in” the recent tariffs.

“I think things will settle down as some of the tariff stuff comes into clearer focus for the markets to be able to absorb and price in, then the volatility… will settle down a little bit,” he said on POLITICO’s “Deep Dive” podcast Friday.

When host Rachael Bade asked Blair if he could guarantee to the business community that there would be some predictably going forward, he said President Trump is a businessman who understands how business planning works.

“We have only been here eight weeks but the president does want to provide predictability to the markets, to businesses, so that they can do their business planning in a way that they can count on,” he added.

Tariffs imposed by Trump have contributed to gyrations in the market and uncertainty with the economy. More tariffs are expected on April 2, when Trump has promised to impose reciprocal tariffs on foreign imports meant to match penalties other countries impose on U.S. exports.

The Trump aide predicted that “we will get to a place very soon” where businesses would feel “pretty comfortable with how to plan.”

He further noted that tax cuts are expiring at the end of the year unless they are renewed, which adds an element of uncertainty to the economic situation.

“It’s really just stopping the bleeding and sort of stabilizing [the] process that’s leading to some volatility,” he added.

“I am not an economist, but I think that will settle down pretty soon.”

Last week, Treasury Department Secretary Scott Bessent expressed similar views about the economic situation, saying he is “not worried about the markets” following a rough week for the stock market.

“I can tell you that corrections are healthy, they’re normal,” Bessent told NBC’s Kristen Welker on “Meet the Press.” “What’s not healthy is straight up, that you get these euphoric markets. That’s how you get a financial crisis.”

Share and Follow
You May Also Like

O’Rourke urges Democrats to fight ‘fire with fire’ in redistricting battle

Former Rep. Beto O’Rourke (D-Texas) called on his fellow Democrats to fight…

Former NPR CEO: ‘This has not been a great week for free speech’

Former NPR CEO Vivian Schiller criticized CBS’s canceling of Stephen Colbert’s show…

ESSEX REPORT: How Trump’s Determination Offers Hope and Results for Families of Hamas Hostages

For over 600 days, families across America and Israel have lived with…

Leonardo DiCaprio, 50, flaunts slimmed-down figure alongside bikini-wearing Vittoria Ceretti, 27, on a yacht in Saint Tropez.

Leonardo DiCaprio showed off his new slimmed-down physique while enjoying a luxury getaway…

Mexican Cartel Gunmen Employ New Strategy to Conceal Attacks on Police — Staged Accidents

Cartel gunmen used a dump truck to conceal an attack on state…

Watch: Police Tactics at Anti-ICE Protest on Kentucky Bridge Lead to Unpleasant Experiences for Activists

We’ve seen some police in blue cities sometimes take a restrained/very hands…

Prime suspect in brutal cold case killing of woman, 23, whose body was found torched is mysteriously found dead on hols

THE prime suspect in a brutal cold case killing of a 23-year-old…

Tucker Carlson and Darryl Cooper Discuss Jeffrey Epstein

In a nearly three-hour deep dive, Tucker Carlson and historian Darryl Cooper…