Cheney played down any threat to the economy from high oil prices, telling Kudlow, "Our economy has been amazingly resilient to what's happened to oil prices over the last couple of years." He added that "the economy has adapted to it and adjusted very well."
The vice president also hinted at a laissez-faire attitude toward the US currency. "We do believe in a strong dollar, but we think that the key is that it be allowed to adjust based on market forces out there, and that's exactly what's happening."
To watch the entire interview, tune in tonight to "Kudlow & Company" on CNBC at 7 pm New York time.