Trump Economic Adviser Dismisses Fears of Looming Recession
|08/18/2019||Posted by BusinessMediaguide.Com under General World News||
President Donald Trump’s top economic adviser is playing down fears of a looming recession after last week’s sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019.
Larry Kudlow said in Sunday television interviews that consumers are seeing higher wages and are able to spend and save more.
“No, I don’t see a recession,” Kudlow said. “We’re doing pretty darn well in my judgment. Let’s not be afraid of optimism.”
A strong economy is key to Trump’s reelection prospects. Consumer confidence has dropped 6.4% since July. The president has spent most of the week read more >>>