Mediaite reports:
White House economic adviser Larry Kudlow told reporters Monday that the United States has “regained control of the virus,” blaming the United Kingdom and Europe on any stock market concerns.
“I do think however there’s some worries that Britain might shut down. It’s coming out of London, I can’t verify it’s not my job, but I read the reports like everybody else and I think that’s a great concern,” Kudlow said.
“The USA is in much better position, thankfully. We’ve regained control of the virus, both the cases and the fatalities. But I think people are worried about Britain and maybe the rest of Europe as well.”
Kudlow to reporters: the U.S. has “regained control of the virus,” and is in a “self-sustaining, strong v-shaped recovery” that is not “contingent” on another federal relief package even if admin supports some elements of another relief bill
— Catherine Rampell (@crampell) September 21, 2020
Meanwhile the Fed just indicated it likely won’t raise rates for another *three years,* given their expectations for how long it’ll take until the job market is sufficiently tight again
Maybe Kudlow is using a different alphabet than the rest of us?— Catherine Rampell (@crampell) September 21, 2020