White House considering US Treasury coronavirus bond, says Trump advisor Kudlow

WASHINGTON (REUTERS) – White House advisers have been discussing the possibility of a coronavirus-related US Treasury bond, President Donald Trump’s economic adviser Larry Kudlow said on Monday (April 6).

Kudlow said this was a time to sell bonds to raise cash for coronavirus relief efforts and a “war bond” was a great idea.

Larry Kudlow embraced the idea earlier in an interview with CNBC.
Larry Kudlow embraced the idea earlier in an interview with CNBC.PHOTO: AFP

“We’re just looking at it … let’s see where it leads,” he told reporters at the White House.

He embraced the idea earlier in an interview with CNBC.

“This would be a long-term investment into the future of American health, safety and the economy,” Kudlow told CNBC.

“From my standpoint, technical considerations aside, I think the concept is exactly right.”

Kudlow also said he does not think the Federal Reserve was finished with its efforts to help mitigate the impact of coronavirus.

Asked if there were discussions about a plan to deal with businesses that are not investment grade but have more than 500 employees, he told CNBC: “People calling us and emailing us and so forth. I know Secretary Mnuchin is looking very carefully at that.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s