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Larry Kudlow says economic recovery is not ‘dependent’ on a stimulus package, contradicting pleas from Fed

Larry Kudlow says economic recovery is not ‘dependent’ on a stimulus package, contradicting pleas from Fed



Lawrence Kudlow wearing glasses: Larry Kudlow participates in coronavirus economic "relief update" virtual event at the White House in Washington Kevin Lamarque/Reuters


© Kevin Lamarque/Reuters
Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington Kevin Lamarque/Reuters

  • White House economic advisor Larry Kudlow said Sunday that he doesn’t think an economic recovery is “dependent” on passing the next coronavirus stimulus package.
  • Kudlow’s remarks contradict pleas from Fed Chair Jay Powell, who warned on Tuesday that the economy might falter if another stimulus package doesn’t make it through Congress. 
  • The next stimulus package remains stalled in Congress, as Democrats and Republicans continue to hammer out details of the plan.
  • Visit Business Insider’s homepage for more stories.

White House economic advisor Larry Kudlow said Sunday that he doesn’t think an economic recovery is “dependent” on passing the next coronavirus stimulus package, contrary to the guidance put out by the Federal Reserve. 

“I don’t think the recovery is dependent on it,” Kudlow said on CNN’s “State of the Union.” Kudlow went on, explaining why he thinks the potential lack of another stimulus bill will not tank the economy. 

“We’ve seen numbers across the board, just in the past week: booming housing starts, supply management for manufacturing and for services. We’ve seen automobiles surging,” he said.

“We’ve created…700,000 jobs in manufacturing,” he continued. “These are really strong numbers.”

Kudlow’s remarks contradict pleas from Fed Chair Jay Powell, who warned on Tuesday that the economy might falter if another stimulus package doesn’t make it through Congress. 

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“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in a speech. Powell has consistently urged Congress to pass a stimulus package to help the economy recover from the devastation brought on by the coronavirus.

The next stimulus package remains stalled in Congress, as Democrats and

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