💸 President Trump will own the economy’s performance by the end of 2025, Commerce Secretary Howard Lutnick tells Mike Allen on the “The Axios Show”— a much later window than he and other administration officials have previously claimed. WHY IT MATTERS: Economic data has been somewhat weaker in recent months, and now Lutnick is pushing out the window for when Trump fully owns the economy’s performance. | Axios

AXIOS: Inflation in August ticking up to the highest since 2021. Manufacturing activity shrank six months running. Unemployed workers exceeding job openings. If Biden had numbers like that, you'd be on Fox saying, 'What's going on'? LUTNICK: So, the economy that Donald Trump owns starts at the end of this year. AXIOS: It doesn't work that way! | MeidasTouch