Kudlow: Administration still believes pandemic 'is going to be a question of weeks and months'

Kudlow: Administration still believes pandemic 'is going to be a question of weeks and months'
© Aaron Schwartz

President TrumpDonald John TrumpMichael Flynn transcripts reveal plenty except crime or collusion 50 people arrested in Minneapolis as hundreds more National Guard troops deployed Missouri state lawmaker sparks backlash by tweeting 'looters deserve to be shot' MORE’s economic adviser, Larry KudlowLawrence (Larry) Alan KudlowMORE, said Sunday that the administration still believes the coronavirus pandemic “is going to be a question of weeks and months.”

Kudlow pointed to the stimulus bill signed by Trump last week, which will provide money directly to Americans, when asked by on ABC’s "This Week" what he would say to reassure Americans worried about the effects of the crisis.

“It may not be perfect, but I think it's going to give tremendous resources to get us through what we still believe is going to be a question of weeks and months, hopefully weeks,” he said. “Maybe I should say ‘prayerfully weeks’ that we think we can get through this period.” 

When host Martha Raddatz pushed Kudlow on how he could be sure the economic effects of the virus would not be long-term, Kudlow said, “I can’t guarantee it. I can’t wave the magic wand. I wish I could.” 

Kudlow added he expects the direct checks for U.S. residents to “come out probably in two weeks” and the loans to small businesses being ready for processing “this coming week.”

Raddatz questioned Kudlow on whether the stimulus checks for citizens would be enough, given that unemployment claims have increased exponentially.

“Well, I think it will be enough,” he said. 

“It's hard to know if we can help everybody, but I think … we are putting in whatever it takes,” Kudlow continued.

The president said last week that he aimed to reopen the economy by Easter Sunday, but some health officials have questioned this timeline saying the virus will not be contained at that point. 

Unemployment claims reached more than 3 million last week, as industries lay off employees in the midst of the pandemic that has rocked businesses.