White House Adviser Kudlow: Sees big rebound for US economy if reopens over next few weeks – Fox Business
White House Adviser Larry Kudlow recently crossed wires, via Fox Business Interview, when he tried to sell the idea of reopening the US economy in the next few weeks.
Key quotes
Sees big rebound for the US economy if reopens over the next few weeks.
Supports the need for an infrastructure bill.
May will be the transitional month in a fight over the virus.
China will be accountable for the virus at some point.
FX implications
Being the initial minutes of the Asian start, the news failed to offer a much reaction unless ticking up the AUD/USD five pips to 0.6375 by the press time.
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Coronavirus update: US CDC reports an increase of 25,858 new cases, 1,804 deaths as of April 22
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US Sec. of State Pompeo: We strongly believe China didn’t report the new coronavirus outbreak in a timely fashion
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US VP Pence: There are promising signs of progress in a number of states including New York
Author
Anil Panchal
FXStreet
Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.
