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Trump says U.S. economy is performing strongly, with the stock market hitting 68 new all-time highs since he took office

2026-05-27 16:50

Odaily Planet Daily News Trump stated at today's Cabinet meeting that the U.S. economy has continued to improve under his administration, emphasizing that ordinary households, pension accounts, and capital markets have all benefited.

Trump said the average tax refund for ordinary American households this year is "close to $5,000," and noted that since he took office, the U.S. stock market has recorded 68 new all-time highs.

He also added that the average 401(k) retirement account for Americans has grown by nearly $30,000, stating, "The Americans are benefiting."

Market analysts believe the Trump administration has been continuously strengthening the "economy and market performance" narrative, seeking to highlight the positive impacts of capital market gains, household wealth growth, and tax policies. (Fox News)