Trump Dismisses Worries of Recession, Says Economy Is Strong

President Donald Trump said Sunday the economy is "doing very well" and dismissed concerns of recession, offering an optimistic outlook after last week's steep drop in the financial markets.

"I don't think we're having a recession," Trump told reporters as he returned to Washington from his New Jersey golf club. "We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money."

Larry Kudlow, Trump's top economic adviser, also played down fears of a looming recession and predicted the economy will perform...