Economics

Trump Gets GDP Boost He Needs for 2020, Along With Growth Risks

U.S. economy grew 3.2 percent in first quarter, Commerce said
President has criticized Fed, saying rate hikes hurt growth

'Devil's in the Details' of U.S. 1Q GDP, Janus Henderson Says

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By Justin Sink and Alyza Sebenius

April 26, 2019 at 2:02 PM UTC

Updated on

April 26, 2019 at 5:24 PM UTC

This article is for subscribers only.

President Donald Trump’s re-election hopes have always hinged on supercharging the U.S. economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign.

Trump heralded the Commerce Department report Friday that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 -- describing it as “incredible,” while also claiming credit for driving low inflation.