White House Kudlow: Still on V shape recovery kick

White House Kudlow speaking

• Still on V shape recovery kick
• Initial claims are off a bit for jobless benefits
• Don't see any break in a downward trend for unemployment
• Still think US in a self-sustaining recovery
• Administration not there yet on jobless aid extension
• Do not wish to extend jobless aid boost at $600 level
• Think will come to agreement, see if Democrats abide
• Will put in more relief loans money in stimulus
• Looking for a strong 2nd half in 2 2021
• Was at coronavirus task force meeting yesterday, increasing vaccine optimism

With the initial jobless claims still showing 1.4 million+ for the week, and continuing claims at 16 million+ (although lower than expected this week), paying that emergency employment relief $ is becoming quite expensive (and may be more than what Congress thought when they 1st granted the emergency funding).