WH adviser Kudlow: Heavy borrowing is necessary to fight coronavirus pandemic

Eren Sengezer FXStreet

White House economic adviser Larry Kudlow told CNBC on Thursday that he is encouraged by the decline seen in the weekly Jobless Claims data.

"Heavy borrowing is necessary to fight coronavirus pandemic," Kudlow added and reiterated that coronavirus aid talks are currently at a stalemate. "I wouldn't mind a small, interim stimulus package."

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was down 0.05% on a daily basis at 3,378.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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