Trump's economic team changes tone: "Wait until next year!"

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The Trump administration’s economic team is adjusting its messaging strategy. In the face of weak jobs data and persistent inflationary pressures, advisors are urging the President to deliver a new message to voters: please wait until next year.

On October 5, it was reported that Trump’s advisors, in private conversations, are not dwelling on unstable economic data, but instead are painting an optimistic outlook, insisting that the data will begin to improve in the first quarter of 2026. According to sources familiar with the matter, including senior government officials, advisors assured Trump that economic indicators would show improvement by the end of 2025.

Trump himself has also changed his tune. Although the economy played a critical role in his successful reelection campaign, he now seems more willing to focus on immigration, crime, and “settling scores” with those he sees as enemies. Trump recently stated, “Our big year (when the economy really takes off and policy effects appear) is actually not next year, but the year after.” This represents a clear shift in Trump’s messaging since his first week in office, when the economy was at the core of his message.

This shift in strategy reflects the dual political and economic pressure the administration faces. Trump and the Republicans are facing a tough test in the 2026 midterm elections, with Democrats having a chance to win majorities in both the House and Senate.

Advisors’ “Reassurance” Strategy

The report notes that in response to the August report showing only 22,000 new jobs added, Treasury Secretary Bessent told Trump:

He believes that once the “Great Beautiful Bill” is fully implemented next year, job numbers will start to rise.

In closed-door meetings in the Oval Office, other advisors told Trump that how he publicly handles weak jobs data is up to him, and he can easily sidestep the issue by pointing to the future.

A senior government official said that advisors have assured him that, as the end of 2025 approaches, economic indicators would show improvement.

White House spokesperson Kush Desai said in a statement that the administration is “focused on advancing supply-side reforms, ensuring trillions in manufacturing investments, and implementing historic trade agreements that will revitalize America’s industrial dominance.”

Economic Reality and Political Pressure

Although Trump continues to boast about a strong economy, some key economic data points still lag behind. Monthly job growth has slowed, inflation continues to trouble consumers, and housing is still considered unaffordable nationwide.

Public views of Trump’s economic leadership have become more negative in recent months.

According to a September poll by AP-NORC, only 37% of adults approved of Trump’s handling of the economy, while 62% disapproved.

A recent New York Times poll found that 45% of voters said Trump had made the economy worse since taking office, while 32% said he had made it better.

At a dinner in Jackson Hole, Wyoming, Trump’s pollster Tony Fabrizio and long-time political advisor Chris LaCivita told attendees:

Their internal polling shows that the “Great Beautiful Bill” label does not appeal to voters. They advised Republicans to start calling the law “tax cuts for working families.”

Challenges in Policy Implementation

Independent economists state that many of Trump’s policies, particularly in immigration and tariffs, could, at least in the short term, weigh on growth and raise costs.

Many economists expect some improvement next year, as uncertainty around tariffs fades and the Federal Reserve lowers interest rates.

For administration officials, changing course is not an option. During his first term, Trump was frustrated with aides who tried to curb his instincts.

In contrast, Stephen Miran, a Trump economic advisor who recently joined the Fed’s board of governors, sometimes seems unfazed by negative economic indicators.

Russell Riley, co-chair of the Presidential Oral History Project at the University of Virginia, warns:

“The risk is, at some point, refusing to consider all effective economic indicators in policymaking will cause the administration to make a massive mistake.”

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