The Trump administration believes that the Speaker of the House of Representatives, Nancy Pelosi, will not engage on key issues in talks about the relief plan to fight the coronavirus, the White House Economic Adviser told CNBC on Thursday, Larry Kudlow, as reported by Reuters.
Featured statements:
“The United States should regain all the economic output that was lost during the coronavirus pandemic.”
“The Trump administration does not believe state closures are necessary“.
“We do not believe that the recovery of the United States depends on the aid package for the coronavirus “.
“Targeted economic relief could have helped a lot, but it’s not going to happen.”
Market reaction
The S & P500 index fell after these comments and was last seen shedding 0.15% on the day towards 3,265.
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Credits: Forex Street
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