Kudlow: White House wants to restart the US economy in 4-8 weeks

White House economic advisor Larry Kudlow weighs in on the November jobs report

Kudlow: White House wants to restart the US economy in 4-8 weeks

Trump’s economic adviser said the specific timeline will depend on the rate of spread of the virus

Larry Kudlow, a leading economic adviser to President Donald Trump, said the White House estimates that in four to eight weeks it will be possible to urge Americans to reopen the country’s economy..

The White House hopes that «in four to eight weeks we will be able to open the economy», Kudlow told Politico on Tuesday.

Kudlow also told Fox News that the White House has begun planning how the US can reopen its economy when the coronavirus outbreak dies down. There have been early signs that the epicenter of the US epidemic, New York, may have reached a plateau in incidence..

«The President would like to restart the economy as soon as possible, and we are already engaged in internal planning», – said Kudlow. He said the rate at which the virus spreads is a determining force for setting specific timelines..

«I hope as I say – pray that we are only a few weeks away from opening [the economy]. We’ll see», – he said.

According to an informed source, the administration sees the accelerated and large-scale testing as an important step towards the resumption of work, which will allow health authorities to more effectively identify those infected, including those with asymptomatic disease, and isolate them from healthy people who could go about their business..

US recently hit over 100,000 tests per day, according to COVID Tracking Project, which relies on data from states.

Trump endorsed a test system developed by Abbott Laboratories, which gives a result in 15 minutes. All White House employees and all people who come into contact with the president or vice president are now taking tests..

Assistant Health Secretary Brett Girua said the administration wants «millions» tests to show if healthy people have been exposed to the virus and have developed antibodies to it.

«Combining this kind of test with a valid test that we have now – that’s what will give America the opportunity to reopen», – said Girouis on Monday

World news