WH adviser Kudlow: White House will make no precipitous policy moves on economy
|"Stock markets may change and may get worse, but the White House will make no precipitous policy moves on the economy," White House economic adviser Larry Kudlow said on Friday.
"More reports of coronavirus cases in the US does not mean cases will skyrocket in North America," Kudlow told Fox Business Network. "Supply chain problems in the US have not yet surfaced but doesn't mean they won't."
Market reaction
These comments failed to help Wall Street's main indexes recover their losses. As of writing, the Dow Jones Industrial, the S&P 500 and the Nasdaq Composite were down 3.3%, 2.9% and 2.2%, respectively.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.