From NBC:
Trump’s chief economist calls for lowering aggregate demand, increasing labor supply to address inflation
In an appearance on CNBC, Kevin Hassett, director of the National Economic Council, said Trump would try to increase the supply of workers in the labor force by lowering businesses’ taxes to make it easier for them to hire.
“He wants inflation under control,” Hassett said. “To do that, you have to increase supply and reduce aggregate demand. So you got to cut spending and you got to increase supply.”
This is what economists call a recession. “Increase the supply of workers in the labor force” is where we lose jobs and wages get suppressed. “Reduce aggregate demand” is where we can’t afford to buy anything.