Top White House officials have dismissed concerns about a looming recession, but said the Trump administration was considering more fiscal stimulus, including a new round of tax cuts funded by tariffs.
“I don’t see a recession at all,” Larry Kudlow, the top White House economic official, told Fox News Sunday.
Last week, the US yield curve, widely seen as a reliable predictor of recessions, turned upside down for the first time since the summer of 2007, rattling global stock markets.
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