Washington’s Mnuchin, Kudlow say US economy could open in May



by   |  VIEW 520

Washington’s Mnuchin, Kudlow say US economy could open in May

Late on Thursday, the 9th of April 2020, top officials of the US President Donald Trump alongside his Administration such as US Treasury Secretary Steven Mnuchin and White House economic advisor Larry Kudlow, said that they had reasons to believe that the US economy could resume its normal business activities as early as next month, although a number of US health experts had advised against the move and emphasized on a prolonged social distancing measures and partial lockdowns in order to contain the painful pandemic outbreak in the United States.

In point of fact, latest remarks from the US Treasury’s Mnuchin and the White House economic advisor Larry Kudlow came forth a day after the US President Donald Trump had renewed his push to reopen the economy on early-May citing earlier signs of a slowing down of the pandemic in the United States.

Meanwhile, voicing a vociferous tone that largely echoed Trump’s remarks, in an interview with the CNBC late on Thursday (April 9th), while being asked whether the US President would reopen the businesses on May, Mnuchin said, “I do.

As soon as the president feels comfortable with the medical issues, we are making everything necessary that American companies and American workers can be open for business and that they have the liquidity they need to operate the business in the interim.

” Aside from that, adding that the US economy would reopen on a “rolling basis” over the next month, Larry Kudlow said in an interview with the Fox Business Network on Friday (April 10th), “Our intent here was, is, to try to relieve people of the enormous difficult hardships they are suffering through no fault of their own.