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Trump says U.S. economy is performing strongly, with the stock market hitting 68 record highs since his inauguration

2026-05-27 16:50

Odaily News: During the cabinet meeting today, Trump stated that the U.S. economy has continued to improve under his administration, emphasizing that ordinary families, pension accounts, and capital markets have all benefited.

Trump said the average tax refund received by ordinary American families this year is "close to $5,000," while also noting that the U.S. stock market has hit 68 record highs since he took office.

Additionally, he mentioned that the average growth in Americans' 401(k) retirement accounts is nearly $30,000, stating, "The Americans are benefiting."

Market observers believe the Trump administration has recently been continuously strengthening the narrative of "economic and market performance," attempting to highlight the positive impacts of capital market rallies, rising household wealth, and tax policies. (Fox News)