Talks are continuing over the coronavirus relief bill and there are wide areas of disagreement on size and scope, White House economic adviser Larry Kudlow told the Bloomberg TV on Friday.
“We can live with not getting a deal on coronavirus relief” Kudlow further argued and reiterated that the US economic recovery is self-sustaining. “Trump administration could likely accept a properly-targeted state and local relief as part of another coronavirus relief bill.”
Market reaction
Risk aversion continues to dominate the financial markets after these comments. As of writing, the S&P 500 Index was down 1.85% on a daily basis at 3,390. Meanwhile, the US Dollar Index was up 0.4% at 93.14.
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