On Sunday, Trump administration officials Larry Kudlow and Peter Navarro touted economic strengths and dismissed analysts' warnings that the U.S. could be facing another recession soon.
"I sure don't see a recession" Larry Kudlow, director of the National Economic Council and an adviser to President Trump, told Chuck Todd on"We're doing pretty darn well, in my opinion," Kudlow continued,"Let's not be afraid of optimism." He pointed to key Trump administration talking points—including rising wages, the high employment rate, low interest rates and increases in household saving.
In response, Todd pointed out that Kudlow–like other analysts–previously failed to predict the 2008 economic crisis.Kudlow responded by drawing a parallel between Trump and Obama, saying that economic growth had hovered around 3 percent in the first two years of both. But he pivoted back to support for the current administration:
Kudlow repeated his talking points on Fox News Sunday. Responding to a question about the administration's efforts to"stave off what some are saying could be a possible coming recession," he replied that the White House was"saving even while they're spending, which is about as good as it gets." Also on Sunday, Peter Navarro, director of the White House Office of Trade and Manufacturing Policy, appeared on ABC'smessage of optimism—promising lower interest rates, increased European exports and the passage of the US-Mexico-Canada Trade Agreement.'re going to have a strong economy through 2020 and beyond with a bull market," Navarro proclaimed.in the bond market over the last two weeks that has some analysts concerned.
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