White House economic adviser Larry Kudlow said Monday the recent spike in COVID cases across many U.S. states is “nowhere near some kind of second wave.”
Kudlow said he won’t deny that some states are “seeing bumps,” but he said he speaks to the health experts regularly and the bumps are “manageable and to some extent to be expected.”
Case numbers are still growing in states across the country as governors relax lockdowns in hopes of nursing their devastated economies back to life.
But many health officials warn, without a vaccine, the reopenings could bring on further waves of COVID-19 deaths.
As Kudlow attempted to downplay the rise in coronavirus cases, the U.S. stock market was falling again Monday on fears that new waves of infections could derail the swift economic recovery that Wall Street was sure was on the way.
Kudlow said while he understands the market jitters, the Trump administration has “no intention whatsoever of shutting down the economy” again.
“The costs of that would be much greater than the costs of, of keeping it open,” Kudlow insisted.
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