White House economic adviser says US economy can ride out coronavirus

[Yo_Mama_Been_Loggin]

The U.S. economy will be able to ride out any disruption from the global spread of coronavirus, a top White House adviser said on Tuesday, adding that he is not anticipating the Federal Reserve to cut interest rates to blunt the virus' economic impact.

National Economic Council Director Larry Kudlow said in an interview on CNBC that the virus has so far been tightly contained in the United States despite calls by federal public health officials for businesses and others to prepare for possible major disruption.

"This is very tightly contained in the U.S.," Kudlow told CNBC, adding any such emergency planning does not mean a wider outbreak of the virus will come to pass in the United States.

"I'm not hearing the Fed's going to make any panic move," he said, referring to growing market expectations that the virus will push the U.S. central bank to cut rates.

https://www.msn.com/en-us/money/markets/white-house-economic-adviser-says-us-economy-can-ride-out-coronavirus/ar-BB10nGE3?li=BBnbfcN

"Tell them it isn't going cause a problem or I'm fucked, " Donald Trump.

[intrepidity]

1. What a fucking idiot nt

[Girard442]

2. "Mr. President, I'm not saying we wouldn't get our hair mussed....

but I do say no more than ten to twenty million killed, tops. Uh, depending on the breaks.”
George C. Scott - Gen. 'Buck' Turgidson, Dr. Strangelove.

[Wellstone ruled]

3. So is Mnuchin going to offer a blank piece of paper

on national TV saying sign this and it will all go away. Yah,right. We seen that show before.

The overnight Window for Fed money is wide open. Expected to be north of 700 billion before mid summer.

[SCantiGOP]

4. I wouldn't trust Kudlow to make change for a dollar

Why in the hell is he giving medical advice?

[Haggis for Breakfast]

9. Kudlow hasn't been right about ANYTHING in the last 25 years, FFS.

He's trying to convince Wall Street to stop hemorrhaging.

[Newest Reality]

5. Tariffs...

Why doesn't he impose some tariffs on the virus and do some expert negotiations with it? That ought to work to contain it.

Oh, and some really mean tweets will scare it for sure.

[Kablooie]

6. Well, he's the expert, he should know.

Not because of his position or qualifications but because Donald Trump likes him.
That's all you need to make perfect decisions about everything.

[empedocles]

7. ' . . . any distruption' no less, simple dismissal. Ol 'lightweight larry'

[Marie Marie]

8. Because Trump looking good on the economy is, of course,

our main priority in dealing with what could be a pandemic.

[PA Democrat]

10. The guy who in July 2008 said the US housing market was as healthy as it had ever been?

That guy?

[Wounded Bear]

11. I think it is already being disrupted...nt

[abqtommy]

12. I'm sure we can "ride out the coronavirus" but riding out tRUMP, not so much.

[Tanuki]

13. Larry Kudlow...."the wrongest man in Washington"

https://www.google.com/amp/s/newrepublic.com/amp/article/148050/wrongest-man-washington

..."Kudlow has made a career out of being wrong. Before replacing “globalist” Gary Cohn as Trump’s economic adviser in the spring, Kudlow was arguably the worst economic pundit in the country, with a track record of bad predictions and analysis stretching back decades. He predicted Bill Clinton’s increase of the 1993 top tax rate would “depress the economy” (it preceded a boom); that the Bush tax cuts would result in budget surpluses (they resulted in deficits); and, in 2007 and 2008, that a recession was definitely not on the horizon (whoops).

Kudlow got off easy. His old CNBC partner-in-crimeJim Cramer got publicly shamed by Jon Stewart and others. Kudlow got the White House.

But now that he’s there, Kudlow’s errors, misstatements, and exaggerations are wreaking havoc on U.S. policy. In the case of the Russia sanctions and TPP, there are serious domestic and 
foreign policy repercussions when an entire administration—not just a Twitter feed—makes whiplash-inducing changes. The decision on Russia went from the Treasury Department announcing sanctions on Sunday, to reports that the White House had reached out to the Russian embassy on Tuesday to declare that no sanctions were planned. The administration reversed itself on TPP in six days.

Kudlow’s frequent presence on cable television made things decidedly worse, with the administration seemingly making public policy in real time, in front of hundreds of thousands of people, without making sure that everyone was on board and on the same page. The fact that Kudlow is so wrong so consistently is a problem for the Trump administration. Not because he has Trump’s ear—because he has the world’s."

[Roland99]

14. Didn't he state the economy was just fine one month before the 2008 collapse?