President Trump said in an exclusive interview Wednesday night with Sean Hannity on Fox News that the U.S. would have gone into a depression if he had not been elected.
Trump talked with Hannity about his record after two years in the White House, the high turnout at his re-election campaign rally, America's energy production, border security, investigations into his administration and more.
Other guests appearing separately on the show included former speaker of the House of Representatives Newt Gingrich and political commentator John Solomon.
Trump kicked off his re-election campaign Tuesday night with a rally in Orlando, Fla. His campaign announced on Wednesday that the president had raised $24.8 million over 24 hours, more than any Democratic presidential candidate raised in the entire first quarter of 2019.
Stocks ended higher for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady, while signaling that rate cuts might be needed soon amid signs of growing risks to the economy.
The announcement came at the end of the Federal Open Market Committee's two-day meeting. The Fed's key rate will remain in a range of 2.25% to 2.5%, according to a statement from the Fed's monetary-policy committee, led by Chair Jerome Powell. But the committee warned of "downside" risks to the current decade-old economic expansion, one of the longest in U.S. history.
"We are prepared to move and use our tools as needed to sustain the expansion," Fed Chairman Jerome Powell said during a televised press conference after the decision was announced. He added that the case "has strengthened" for more "accommodative" monetary policy.
The Dow Jones Industrial Average climbed 38 points, or 0.15%, to 26,504, the S&P 500 rose 0.30%, while the Nasdaq advanced 0.42%.
Jim Cramer wrote in his Real Money column Wednesday that while investors typically would want to be more invested at the start of a rate cycle -- if the Fed cuts interest rates in July, for example -- things aren't typical in Washington right now. The start of the new rate cycle, Cramer writes, "isn't beginning fast enough to offset the coming -- and necessary -- pain from the tariffs we're about to see."