National Economic Council Director Larry Kudlow cheered the Trump administration's economic measures on Thursday, noting the U.S. economy is outperforming the rest of the world.
"We are the hottest economy in the world right now. We're crushing it," Kudlow said. "Europe is slowing down. Asia is slowing down. We are moving rapidly."
Kudlow noted the U.S. economy expanded by 3.2 percent in the first half and that the Atlanta Federal Reserve is expecting growth of 4 percent for the third quarter.
Kudlow spoke with CNBC's "Squawk on the Street" a day after stocks had their worst day since February.
The Dow Jones Industrial Average plunged more than 800 points while the S&P 500 dropped more than 3 percent on Wednesday amid a rout in tech shares and worries over higher rates sent.
The rout eased on Thursday.
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