tpr prophe prophecy. you see the allies and aides touting this idea that it is the media pushing the are he session. here they are. despite the irresponsible rhetoric of many in the mainstream media, the american economy is strong and u.s. economic outlook remains strong as well. believe in the recession talk. i think the consumers are leading it. the president agrees with the premise you are peddling that somehow we are heading into a recession. i know we had to go from russians to racism to recession. it s always something. literation there from kellyanne conway. can you talk your way out of this? non they will float it again next week or float something
on people, you not only keep more, but you earn more. david: all right. let me switch gears a little bit for you, jessica, on the recession talk because there s been a lot of recession talk, not just by democrats, but in the media itself, also by people on wall street that are concerned about. you saw the market drop yesterday. right. david: most of that was china concerns, but a lot of it was this underlying concern about how that might affect the overall economy. how is that going to be played out on the campaign trail by democrats? i think it s going to be played out. no one wants a recession. this isn t a bunch of candidates running around talking what the president did yesterday on his twitter account, basically, moving us closer and closer to recession via tweet, frankly undoing the progress. david: even though schumer supports on taxes. he supports with china, but doesn t support a trade war and
really good, unemployment at a level it hasn t been at for many years. the federal reserve is assessing the country s financial future. investors are looking for safer positions to hold their money, the trump administration is selling a strong economy pointing to solid employment in retail sales numbers. we aren t formulating tax policy for near-term action, we don t believe in the recession talk. i think the economy is very strong. president trump says he wants the federal reserve to make it cheaper to borrow money, the economy is doing well. the federal reserve can make it record-setting. the question is being asked why are we paying much more in interest in germany and certain other countries? the president also considered cutting payroll taxes. the payroll tax funds for social security and government projection shows the trust fund will run out in 2035, the
the u.s. is good, best in the world, but slowing a little bit. europe is flat to down. china is definitely slowing down but still growing. that is a very mixed message overall. the second thing is all this trade and tariff stuff going on. tariffs are bad for the global economy but we don t know if there is going to be a deal with china or not. that is a problem so the market is mixed up about that. finally, the federal reserve, ali. remember they re in charge of short-term interest rates. they ve been trying to keep rates low but there is disagreement in the fed right now about how much they should keep lowering interest rates. we still have the best deals in the world. the highest yields in the world but some people at the fed say we don t really need to keep cutting rates. others say, no, no. we should do it. an insurance cut. lower rates. just in case things start slowing down. you see how difficult it is to figure things out right now. yeah. all right. a lot of my viewers are not
thinking about some payroll tax cuts but that it has nothing to do with peers or recession. he says the recession talk is fueled by the media. austan goolsbee was part of president obama s economic team and he will react, next. flonase sensimist is different. it relieves all your worst symptoms, including nasal congestion, which most pills don t. it s more complete allergy relief. and all from a gentle mist you can barely feel. flonase sensimist helps block six key inflammatory substances. most pills only block one. and six is greater than one. flonase sensimist.