President Donald Trump abruptly summoned reporters to the Oval Office on Thursday for what aides billed as a "major" announcement on the U.S. economy. The president appeared alongside conservative economist Stephen Moore, a former Federal Reserve board nominee, and said he wanted to highlight the country’s "economic momentum." Rather than introducing new policy, Trump and Moore displayed charts asserting that median household income has risen by $1,174 since the president took office in January and alleging the Bureau of Labor Statistics overstated job creation under former president Joe Biden by 1.5 million positions. No specific initiatives or regulatory actions were unveiled during the five-minute appearance. The lack of substance left investors and businesses without clarity on the administration’s next steps as sweeping tariffs of 10% to 50% on a wide range of imports—imposed earlier this year—continue to stoke concerns about higher consumer prices and supply-chain strains.