Kudlow: "There is no recession on the horizon"

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White House Economic Advisor Larry KudlowLawrence (Larry) Alan KudlowMORE Sunday, sought to dispel fears of an economic slowdown by stating: "I do not see any recession at all."

Dana Perino, host of "Fox News Sunday," said the White House advisor had said Trump's administration was considering taking concrete steps to avoid a recession after US Treasury bonds in the short term have fallen below yields for long-term bonds. This development, which may signal an upcoming recession, caused the biggest losses in one day for 2019 shares.

"The pro-growth program Trump, which I believe has been successful, we will continue with that," Kudlow told Perino.

"There is no recession on the horizon," he added. "What's wrong with a bit of optimism?"

Kudlow echoed these comments in another "Meet the Press" interview on NBC.

Host Chuck ToddCharles (Chuck) David ToddUS ambassador to Germany calls reporters who blocked him on Twitter Immigration agents defend Mississippi raids as part of a wider investigation Harris: Russian election interference revealed the breed as the "Achilles heel" of the nation SUITE noted however that Kudlow had made similar remarks in 2007, shortly before the start of the Great Recession, and had written: "There is no recession to come, the pessimists were wrong."

"I plead guilty for that," Kudlow told NBC.

Fox's Perino also asked Kudlow President TrumpDonald John TrumpTrump observes Portland "very closely" as he prepares to face dueling protests WaPo calls Trump administration a "threat" to endangered species Democrats are they becoming like Trump? MOREIn anticipation of the 2018 mid-term elections, frequent references to a 10% tax cut for middle-income earners never materialized. Kudlow responded that the administration was "reviewing the situation" and had also touted a proposal by Sen. Rick Scott (R-Fla.) Aimed at offsetting customs duties through additional tax cuts.

She also insisted Kudlow on the ongoing trade war between the United States and China. Last week, the administration announced that several categories of tariffs on Chinese products would be postponed until December.

"The goal here is very simple, we want to minimize any impact [of tariffs] on the American consumer, so far this has hardly been achieved, "said Kudlow, echoing the comments of White House trade advisor Peter Navarro.

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