Home White House adviser Kudlow: There is no recession in sight
FXStreet News

White House adviser Kudlow: There is no recession in sight

During an interview with Fox News on Sunday, White House economic adviser Larry Kudlow said that trade negotiators were expected hold talks in the next ten days and added that Chinese delegation would come to the US in September “if those meetings pan out.”

Regarding the economic performance of the US, Kudlow said that there was no recession in sight. “Consumers are working. Their wages are rising. They are spending and they are saving,” Kudlow explained.

Similarly, in an interview with ABC on  Sunday, “We have the strongest economy in the world and money is coming here for our stock market. It’s also coming here to chase yield in our bond markets,”  Trump administration’s trade adviser Peter Navarro said, as reported by Reuters.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.