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White House chief economic adviser Larry Kudlow said Americans “should not be afraid of optimism” after a wobbly weak on Wall Street, arguing President Trump’s agenda of tax cuts and deregulation are working and they’ll stay the course. U.S. stocks plunged Wednesday on fears of a recession and weak economic performances from Germany and China, though investors recovered some losses later in the week. Mr. Kudlow said he does not fear a recession. More Americans are working, they’re seeing higher wages and they’re spending their cash. “That’s about as good as it gets,” he told Fox News Sunday. “I think...

WASHINGTON (MarketWatch) -- Congress could help steer the economy away from recession if it adopted a quick, efficient and temporary fiscal stimulus plan, Federal Reserve Chairman Ben Bernanke told Congress on Thursday. Bernanke made it clear he wasn't forecasting a recession, but said action by Congress, along with more interest-rate cuts from the Fed, could help prevent one. "Fiscal action could be helpful in principle, as fiscal and monetary stimulus together may provide broader support for the economy than monetary policies alone," he said in prepared testimony to the House Budget Committee. Quick action would be necessary. "You know central...