Trump says he doesn't see any signs of a recession

President Trump on Sunday said the economy is "doing very well," and rejected the notion that a recession could be on the horizon.

Last week was a turbulent one on Wall Street, with stocks and bonds going up and down and investors spooked by the first inverted yield curve in more than a decade, but Trump said the United States is doing "tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money."

Trump's comments echoed those made earlier in the day by Larry Kudlow, his top economic adviser. "No, I don't see a recession," he said. "We're doing pretty darn well in my judgment. Let's not be afraid of optimism." Kudlow also said that while the energy sector may be slowing down, unemployment is low and retail is doing well.

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