White House economic adviser Larry Kudlow told CNBC on Thursday that he is encouraged by the decline seen in the weekly Jobless Claims data.
“Heavy borrowing is necessary to fight coronavirus pandemic,” Kudlow added and reiterated that coronavirus aid talks are currently at a stalemate. “I wouldn’t mind a small, interim stimulus package.”
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was down 0.05% on a daily basis at 3,378.
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