White House economic adviser: ‘I sure don’t see a recession’
White House economic adviser Larry Kudlow dismissed fears about a possible recession after a roller-coaster week for stocks. “I sure don’t see a recession,” Kudlow told “Meet the Press” host Chuck Todd Sunday. “We had some blockbuster retail sales [and] consumer numbers toward the back end of last week.” “Consumers are working at higher wages,” he continued. “They are spending at a rapid pace. They’re actually saving also while they’re spending. That’s an ideal situation. So I think actually the second half, the economy’s going to be very ...
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