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President Trump
Donald John TrumpO – Rourke: Trump propels the US global economy into recession Manchin: Trump has a "golden opportunity" in gun reform The objections to Trump's new rule regarding Immigration has been exaggerated exaggeratedly MOREEconomic and trade advisers sought to dispel fears of an impending recession on Sunday morning after a week of turbulence in markets that once served as predecessors to economic crises.
"I do not see a recession at all," White House Economic Adviser Larry Kudlow told Fox News Sunday, telling visiting host Dana Parino: "The program is Trump's growth, which I believe has been successful will stay with that. "
Last week, yields on short-term US Treasury bonds fell below long-term bond yields, a move known as the inversion of the yield curve that historically predicts recessions. . On Wednesday, the US stock market also suffered its worst loss of the year with the Dow Industrial Average down 800 points. Taken together, the economic signs agitated investors.
Kudlow was also indifferent to the idea of an impending recession in an interview with "Meet the Press" on NBC, which had led the presenter Chuck Todd
Charles (Chuck) David ToddPossible challenger of the GOP: Trump does not deserve to be re-elected, but will vote for him at the expense of Democrat Kudlow: "There is no recession on the horizon", the US ambassador to Germany calls the journalists who have blocked him on Twitter PLUS note that he had hit a similar note before the Great Recession in 2007, writing at that time: "No recession is coming. … The pessimists were wrong. "
"I plead guilty to that," Kudlow told Todd.
The White House's chief advisor, Peter Navarro, said about optimism: "This week on ABC", "Before coming to the White House, I had spent 20 years at predicting the economic cycle and stock market trends, the certainty is that we will have a strong economy in 2020 and beyond. "
Navarro made a similar assertion Sunday in CBS's "Face the Nation" film, telling animator Margaret Brennan: "What I see when I look at all the leaves of macro-tea is a very strong Trump economy. .
The Democratic presidential candidates, meanwhile, sounded the alarm bells on the economy Sunday morning, highlighting the effects on the lives of Americans. Mayor Pete Buttigieg, Mayor of South Bend, Indiana, said about "The State of the Union" on CNN that a recession was "probably" imminent.
However, said Buttigieg, the biggest problem was that even in times of economic expansion, "most Americans can not go ahead … and the president has made it clear he did not care.
"[W]We have an economy that does not work for most Americans, "he added.
Another presidential candidate for Buttigieg, Sen. Kirsten Gillibrand
Kirsten Elizabeth GillibrandGillibrand: Rosy's economic outlook is not reflected in the everyday problems of families: Chris Wallace becomes Trump's "inquisitor of equal opportunity" Steve King at Gillibrand: The odds of my resignation identical to that of your presidential nomination PLUS (D-N.Y.) Also refuted Sunday's optimistic outlook on ABC "This Week" after the Navarro segment.
"I do not think so [Navarro’s] The worldview is reflected in the daily problems of the kitchen table that families face, "Gillibrand said, informing the program that at a meeting with unemployed Ohio voters, she had learned: "
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