WH Adviser Kudlow sees a V-shaped recovery

White House Adviser Larry Kudlow recently crossed wires while being interviewed on the Wall Street Journal. The Trump administration member sound cautiously optimism during his comments concerning the US economic recovery.

Key quotes

White House could be open to targeted aid to states related to the pandemic, but Trump ‘is not leaning towards this general massive infusion of money.’

See a V-shaped recovery.

We are not going to spend our way out of this.

FX implications

While the news should have ideally helped the risks, S&P 500 Futures struggle for direction around 2,848 with no change amid the initial hour of trading in Asia.