President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE’s economic and trade advisers sought to quell fears of a looming recession Sunday morning after a week of turmoil in the markets that has historically served a predecessor to economic downturns.

"I don't see a recession at all," White House economic adviser Larry Kudlow insisted on "Fox News Sunday," telling guest anchor Dana Parino, “The Trump pro-growth program, which I believe has been succeeding, we’re going to stay with that.”

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Last week, short-term U.S. Treasury bond yields fell below yields for longer term bonds, a development known as yield-curve inversion that has historically predicted recessions. Wednesday also saw the U.S. stock market suffer its worst losses of the year, with the Dow Jones Industrial Average down 800 points. Taken together, the economic signs have investors jittery.

Kudlow was similarly dismissive of the notion of a coming recession in an interview on NBC’s “Meet the Press,” which led host Chuck Todd Charles (Chuck) David ToddMurkowski: Supreme Court nominee should not be taken up before election Republican senator says plans to confirm justice before election 'completely consistent with the precedent' Sunday shows - Trump team defends coronavirus response MORE to note that he struck a similar note before the Great Recession in 2007, writing at that time, “There’s no recession coming. ... The pessimistas were wrong.”

“I plead guilty to that,” Kudlow told Todd.

Chief White House trade adviser Peter Navarro echoed the optimism, saying on ABC’s “This Week,” “Before I came to the White House, I spent the better part of 20 years forecasting business cycle and stock market trends, and what I can tell you with certainty is that we're going to have a strong economy through 2020 and beyond.”

Navarro made a similar claim Sunday on CBS’s “Face the Nation,” telling host Margaret Brennan, “What I’m seeing when I look at all the macro tea leaves is a very strong Trump economy.”

Democratic presidential candidates, meanwhile, sounded the alarm on the economy Sunday morning, pointing to the effects it has had on Americans' lives. South Bend, Ind., Mayor Pete Buttigieg said on CNN’s “State of the Union” that a recession is “probably” forthcoming.

However, Buttigieg said, the bigger issue was that even in a period of economic expansion, “most Americans can’t get ahead ... and the president has made it abundantly clear he doesn’t care.”

“We've got an economy not working for most Americans," he added.

Buttigieg’s fellow presidential contender Sen. Kirsten Gillibrand Kirsten GillibrandSunday shows preview: Justice Ginsburg dies, sparking partisan battle over vacancy before election Suburban moms are going to decide the 2020 election Jon Stewart urges Congress to help veterans exposed to burn pits MORE (D-N.Y.) also refuted the rosy outlook Sunday on ABC’s “This Week” following Navarro’s segment.

“I don't think [Navarro’s] worldview is reflected in the everyday, kitchen-table issues that families are facing," Gillibrand said, telling the program that in a meeting with out-of-work Ohio voters, she learned “they're worried about their jobs, they're worried about access to health care ... they’re worried about providing for their kids."

Former Rep. Beto O’Rourke (D-Texas) opined that a recession was on the horizon, saying Trump was “driving the global economy and our economy into a recession” on NBC’s “Meet the Press.”

"This current trade war with China the president has entered our country into is not working, it's hammering the hell out of farmers across the country who do not want bail outs or payouts, [they] just want profits off what they're growing,” he added.

White House officials offered reassurances on the ongoing trade war specifically as well, with Navarro reiterating earlier claims that tariffs on Chinese goods would have no effect on American consumers. Kudlow, too, said the White House “want[s] to minimize any impact of tariffs on the American consumer,” adding “so far it’s been virtually zero.”