Kudlow also said in a CNBC interview that lawmakers will likely develop another stimulus package.
White House economic advisor Larry Kudlow told CNBC on Monday that a « second wave » of coronavirus cases isn’t coming and that lawmakers will likely develop another stimulus package by the end of next month.
Asked by « Squawk Box » co-host Becky Quick how he’s thinking about resurgences of Covid-19 cases in several states, Kudlow said he isn’t too concerned.
« There is no second wave coming. It’s just hot spots. They send in CDC teams, we’ve got the testing procedures, we’ve got the diagnostics, we’ve got the PPE. And so I really think it’s a pretty good situation, » said Kudlow, director of the National Economic Council and chief economic advisor to President Donald Trump.
« Actually, I think nationwide the positivity rate is still quite low, well under 10%. »
His comments came after the U. S. reported more than 30,000 new infections on Friday and Saturday, the highest daily totals since May 1, according to Johns Hopkins University data. New cases are rising in states in the South, West and Midwest, including Florida and South Carolina, which last week broke their single-day totals three days in a row.
