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Kudlow insists 'V-shaped recovery' still on, warns against more shutdowns amid coronavirus surge
Kudlow: New coronavirus stimulus package is ‘large scale’
National Economic Council Director Larry Kudlow on the additional coronavirus stimulus package, June jobs number and U.S.-China trade.
White House Economic Adviser Larry Kudlow said Wednesday that the United States is in the middle of a "V-shaped recovery" amid the coronavirus pandemic that rocked the economy, while warning that it would be a "big mistake" to shut down the country amid a surge in positive cases of COVID-19.
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Kudlow was asked Wednesday on "FOX & Friends" about how the latest surge in positive cases of the novel coronavirus could affect the economy.
"We're looking very carefully," Kudlow said, while touting a "tremendous burst of jobs in May and June" and "tremendous record hiring rates." "People are starting to quit their jobs again, which is extraordinary, in order to shop around for better jobs and wages."
KUDLOW SAYS RESURGENCE IN COVID-19 CASES COULD LEAD TO SHUTDOWNS
Kudlow noted that the increase in cases "could have an impact" on some cities in terms of jobs and openings, but said that "we just have to work our way through this."