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by Axios | 8.19.19

President Trump joined his top White House economic advisers in downplaying concerns that the United States is heading for a recession, despite mounting warnings.

Why it matters: Per Axios' Zachary Basu, the stock market saw a huge sell-off last week after the yield curve inversion, a warning sign that's predated every recession for the past 50 years.

The big picture: White House trade adviser Peter Navarro and the Trump administration's economic adviser Larry Kudlow took to the Sunday morning talk shows in an effort to calm recession concerns.

Navarro also denied that tariffs on Chinese goods hurting American consumers. That's despite reports to the contrary from researchers at leading institutions including the International Monetary Fund, Harvard, the University of Chicago and the Federal Reserve of Boston, Basu notes.

Go deeper:

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