Tags: Trump Administration | stevemoore | vshape | economic | recovery | pandemic

Economist Stephen Moore: We're Almost 'Out of the Woods'

Economist Stephen Moore: We're Almost 'Out of the Woods'
Economist Stephen Moore

By    |   Sunday, 07 June 2020 02:11 PM

Friday's jobs report gave the economy some good news for the first time since the coronavirus pandemic shutdowns began, making the American dreams of a "v-shaped" recovery start to come true, according to Trump economic adviser Steve Moore.

"It was a very, very strong report, and let's just hope this can continue," Moore told Sunday's "The Cats Roundtable" on 970 AM-N.Y. "If we get a few more months of this, we're going to be out of the woods."

The announcement of a decline in the unemployment rate and the addition of 2.5 million jobs was a welcome sight, even President Donald Trump did not anticipate so soon, Moore added to host John Catsimatidis.

"The funny thing is that Trump had said he thought we'd have a V-shaped recovery starting in July," Moore said. "It looks like the V-shaped recovery started in May."

Also, Moore hoped, the George Floyd riots will not tarnish positive economic news.

"I think the damage has been locational," Moore concluded. "It's been very bad for some of these big cities.

"But I also think that the rest of the country will be mostly unaffected by those riots, and we're going to see continued good news on the economy."

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Friday's jobs report gave the economy some good news for the first time since the coronavirus pandemic shutdowns began, making the American dreams of a "v-shaped" recovery start to come true, according to Trump economic adviser Steve Moore....
stevemoore, vshape, economic, recovery, pandemic
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2020-11-07
Sunday, 07 June 2020 02:11 PM
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