Tags: Coronavirus | Donald Trump | Financial Markets | Trump Administration | kudlow | trump | economy

Kudlow: Trump Wants Economy Open But Won't Ignore Doctors

Kudlow: Trump Wants Economy Open But Won't Ignore Doctors
(AP)

Tuesday, 24 March 2020 01:23 PM

The White House will consider advice from public health officials as President Donald Trump moves to re-open the economy in the coronavirus outbreak, his top economic adviser Larry Kudlow said Tuesday.

“We’re not abandoning the health professionals’ advice but there is a clamor to try to re-open the economy, perhaps make it less of a shut-in,” Kudlow said Tuesday to reporters at the White House. “That’s one piece, but it’s yet to be determined.”

Trump began discussing how to get Americans back to work last week, just days after issuing guidelines encouraging people to stay away from restaurants and large gatherings and educate their children at home. But he has largely trailed governors and municipal leaders, who have essentially shut down entire states and cities in order to combat the spread of the virus.

That has triggered projections by one Federal Reserve official of a 50% drop in U.S. economic growth.

On Tuesday, Trump was peppered with questions at a news conference about how soon he would try to end U.S. “social distancing” practices and whether he would follow the advice of government health professionals. “I’ll be listening to them and others we have who are doing a good job,” he answered.

One of those professionals, Deborah Birx, the State Department physician who advises Vice President Mike Pence on the government’s response to the outbreak, said at the news conference that she didn’t think Trump’s optimism about soon relaxing the Centers for Disease Control and Prevention guidelines would hurt compliance.

The president also warned Monday that if the economy is forced into a deep enough recession by social distancing measures, there could be deaths from suicides and other causes in excess of those caused by the coronavirus.

“Public health includes economic health -- that’s a key point. It’s not either-or,” Kudlow said. “That’s why we’re taking a fresh look at it.”

© Copyright 2020 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
The White House will consider advice from public health officials as President Donald Trump moves to re-open the economy in the coronavirus outbreak, his top economic adviser Larry Kudlow said Tuesday.
kudlow, trump, economy, open, doctors
311
2020-23-24
Tuesday, 24 March 2020 01:23 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved