President Donald Trump is planning some "very important announcements" in the next day or two about reopening the U.S. economy and is considering a "rolling" re-entry in certain parts of the country, White House economic adviser Larry Kudlow said Tuesday.
"I don't want to front-run his views, I don't want to pre-announce anything this morning," Kudlow told Fox Business' Stuart Varney. "It's a question of health, a question of safety, and a question of well being so that Main Street folks, middle-class, blue-collar folks, we want to get them back to work as soon as we safely can. I believe the country is ready to go back to work."
The coronavirus pandemic "slammed the economy," said Kudlow, adding that the nation will be in a "brief temporary contraction."
"There's no reason why when this pandemic passes, and we begin to reopen the economy in a safe manner, there's no reason we can't begin quickly to rebuild and reignite the American economy and regenerate, if you will, the same kind of tremendous jobs and wages and prosperity that we had before," said Kudlow. "I think we're going to see great economic numbers in the back end of the year."
Kudlow said Trump is considering a "rolling" re-entry, which is a strategy that Dr. Anthony Fauci has said he also backs.
“We are hoping by the end of the month we can look around and say, ‘OK, is there any element here that we can safely and cautiously start pulling back on,'" Fauci said Sunday. "If so, do it. If not, then just continue to hunker down.”
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