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Speaker Mike Johnson calls for "patience" on economy: "You don't flip a switch"
| USA | general | ✓ Verified - cbsnews.com

Speaker Mike Johnson calls for "patience" on economy: "You don't flip a switch"

#Mike Johnson #Economy #Inflation #State of the Union #Artificial Intelligence #Tariffs #Immigration #Iran

📌 Key Takeaways

  • Johnson called for patience on economy, saying improvements take time
  • Inflation is on right trajectory but not completely fixed yet
  • Speaker urged against 'freaking out' about AI's impact on jobs
  • Johnson backed Trump on tariffs despite Supreme Court ruling
  • Speaker acknowledged perception of overzealous immigration enforcement

📖 Full Retelling

House Speaker Mike Johnson told CBS News in an interview Tuesday that the U.S. economy is on the right track but inflation hasn't been 'completely fixed yet,' urging patience as President Trump prepared to deliver his State of the Union address later that evening. Johnson emphasized that economic improvements take time, stating 'you don't flip a switch right after the election and it all just is fixed magically,' while defending the administration's economic record despite polling showing most voters remain skeptical. The speaker noted that inflation is 'gradually coming down' with consumer prices rising 2.4% in the yearlong period ending in January, well below its peak of 9.1% in mid-2022, and highlighted tax savings from Trump-backed legislation passed last summer. Johnson also addressed several other policy areas, calling the Supreme Court's recent ruling on tariffs 'a surprise' while supporting Trump's trade approach, urging Americans not to 'freak out' about artificial intelligence's impact on jobs, and backing Trump's immigration policies while acknowledging a 'perception' of overzealous enforcement. On foreign policy, Johnson expressed hope that Iranian leaders would 'follow common sense' regarding their nuclear program, calling Iran 'the great agitator' in the Middle East and an 'evil regime' that 'hates America.'

🏷️ Themes

Economic policy, Foreign relations, Technology regulation

📚 Related People & Topics

State of the Union

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Annual report by the president of the United States

The State of the Union address (sometimes abbreviated to SOTU) is an annual message delivered by the president of the United States to a joint session of the United States Congress near the beginning of most calendar years on the current condition of the nation. The speech generally includes reports...

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Inflation

Inflation

Devaluation of money's purchasing power

In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation...

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Mike Johnson

Mike Johnson

Speaker of the US House of Representatives since 2023

James Michael Johnson (born January 30, 1972) is an American lawyer and politician serving as the 56th speaker of the United States House of Representatives since 2023. A member of the Republican Party, he is in his fifth House term, having represented Louisiana's 4th congressional district since 20...

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Economy

Economy

Area of production, distribution, trade of, and consumption of goods and services

An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given eco...

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Artificial intelligence

Artificial intelligence

Intelligence of machines

# Artificial Intelligence (AI) **Artificial Intelligence (AI)** is a specialized field of computer science dedicated to the development and study of computational systems capable of performing tasks typically associated with human intelligence. These tasks include learning, reasoning, problem-solvi...

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Entity Intersection Graph

Connections for State of the Union:

👤 Donald Trump 37 shared
🌐 Democrat 6 shared
🌐 Immigration 4 shared
🌐 Congress 4 shared
🌐 Economy 4 shared
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Original Source
Politics House Speaker Mike Johnson calls for "patience" on economy: "You don't flip a switch…and it all just is fixed magically" By Tony Dokoupil , Tony Dokoupil Anchor, "CBS Evening News" Tony Dokoupil is the anchor of the new "CBS Evening News with Tony Dokoupil." He previously served as co-host of "CBS Mornings" and anchored "The Uplift," a weekly series spotlighting positive and inspiring stories for CBS News 24/7. Read Full Bio Tony Dokoupil , Joe Walsh Joe Walsh Senior Editor, Politics Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston. Read Full Bio Joe Walsh February 24, 2026 / 5:41 PM EST / CBS News Add CBS News on Google Hours before President Trump's State of the Union address , House Speaker Mike Johnson told CBS News the U.S. economy is on the right track — but he added that inflation has not been "completely fixed yet." In an interview Tuesday with "CBS Evening News," Johnson also argued "we shouldn't freak out" about the impact of artificial intelligence on jobs and urged the Iranian government to "follow common sense" as Mr. Trump weighs military action. Johnson says inflation is "on the right trajectory," calls SCOTUS tariff ruling a "surprise" Johnson expects Mr. Trump to spend part of his speech Tuesday night touting his economic record, including "the exciting facts about what we've been able to accomplish." In recent months, the president has celebrated the country's economic performance in his first year on the job, including a slowdown in inflation and a strong labor market . Recent polls show most voters aren't so optimistic. Just 37% of Americans feel that the state of the economy is good, and 60% feel that Mr. Trump makes prices and inflation sound better than they actually are, according to a CBS News survey released Tuesday . Johnson argued that Republicans "inherited a real mess" when Mr. Trump returned to office last year, calling the state of the econ...
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