The Trump administration’s top economic adviser Larry Kudlow, says that the administration is making plans to open the economy in the next four to eight weeks.
The Epoch Times reports:
President Donald Trump’s administration hopes that “in the next four to eight weeks, we will be able to open the economy,” Kudlow told Politico in an interview on Tuesday, as Treasury Secretary Steven Mnuchin issued similar statements to Fox News about the administration’s desire to re-start the economy.
The president is very much looking at how we can reopen parts of the economy,
Mnuchin said on the network.
There are parts of the country, like New York, where obviously this is very, very concerning. There are other parts of the country where it’s not.
The article goes on to say:
Amid the pandemic, restaurants, hotels, bars, salons, entertainment venues, and a number of businesses deemed nonessential have been told to shut down. More than 40 states have implemented stay-at-home orders, affecting nearly all aspects of daily life.
More than 10 million Americans have claimed unemployment benefits after being laid off in the wake of the shutdown, and some experts have made even direr predictions of U.S. unemployment rates surpassing 20 percent in the coming months as more businesses go under. As a result, Congress passed a $2.2 trillion stimulus package that will send out $1,200 payments to many taxpayers and $500 to children if they qualify.
