Top Trump Officials Downplay Recession Risks

Two of President Donald Trump’s senior economic advisers took to the airwaves Sunday to downplay the risk of a recession after a tumultuous week in the markets suggested that the economy is heading onto shaky ground.Larry Kudlow, director of the National Economic Council, and White House trade director Peter Navarro between them appeared on all five Sunday morning shows to defend the president’s economic record and argue that his trade offensive against China isn’t harming American producers or consumers.Their push came days after bond market investors sent a powerful signal that they see a potential downturn looming, and economists from Wall Street and beyond further whittled growth forecasts for a record-length economic expansion that appears to be slowing down.“I don’t see a recession at all,” Kudlow said on “Fox News Sunday.” On NBC’s “Meet the Press,” he urged Americans, “Let’s not be afraid of optimism.”“Consumers are working at higher wages,” Kudlow said.