White House says no recession in sight2019|01:35
White House economic advisor Larry Kudlow rejected the notion that the U.S. economy is faltering, despite data last week that indicated the country may be headed toward a recession. Kudlow told Fox News Sunday that there is, quote, "no recession in sight," and that the U.S. remained in "pretty good shape." His comments follow a rocky week for markets driven by a key bond indicator seen as a possible sign of an impending recession. Investors also fear a global slowdown due to the U.S.-China trade war. Kudlow said trade deputies from the two countries would speak within 10 days and if the meetings pan out Chinese officials would likely come to the U.S. to advance negotiations over ending the trade dispute. But on CBS's Face the Nation Sunday, entrepreneur and Democratic presidential candidate Andrew Yang said Trump's tariffs have already wreaked havoc on the global economy.