White House economic adviser Larry Kudlow told Fox News on Monday that he does not expect to see interruptions in the ‘V-shaped’ economic recovery.
“President Trump is willing to consider more state aid if schools reopen,” Kudlow noted and added that the economy could grow by 20% in the second half of the year.
Market reaction
Risk rally continues following these comments. As of writing, the S&P 500 was up 1.45% on the day, the Dow Jones Industrial Average and the Nasdaq Composite were gaining 1.7% and 2.05%, respectively.
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