More coronavirus stimulus money isn’t necessarily needed in order to revamp the economy, according to President Donald Trump’s top economic advisor Larry Kudlow.
On September 22, the director of the National Economic Council expressed on CNBC’s The Exchange that, even if certain industries could benefit from a second round of relief, the funds aren’t required.
“I don’t think the V-shaped recovery depends on the package, but I do think a targeted package could be a great help,” Kudlow stated. “Even though I think the economy is improving nicely, it could use some help in some key, targeted places.”
He also commented on the White House’s efforts to secure additional aid for schools and the Paycheck Protection Program, which offers small businesses loans in return for employers keeping staff on payrolls.
“We also wanted to extend the assistance plan, the PPP plan, to small business. I