Donald Trump Looking to Reopen the Country? - Forex News by FX Leaders

Donald Trump Looking to Reopen the Country?

Posted Tuesday, April 7, 2020 by
Skerdian Meta • 1 min read

Most of the countries in the West have been shut. Some countries like the UK, Sweden, Canada and the US tried to resist but they were forced to quarantine as well, as coronavirus spread everywhere. The virus is still progressing and it hasn’t reached the peak yet in the US, UK and other places, apart from Italy, where it might actually be reversing now.

But, US president Donald Trump is already looking to reopen parts of the country, perhaps where the virus hasn’t spread that much.

Mnuchin Commnets on Fox Business

  • Trump looking at areas of the country where economy can be opened
  • There will be money for small business payrolls, if we need more we will go back to Congress
  • Hopes to have ‘main street lending’ program up and running with Federal Reserve soon
  • Over 3000 lenders are participating in small business lending program
  • Working very quickly on aid for airlines
  • Meeting with advisors on airline program this week
  • Direct payments should be sent out by the end of next week
New York is the worst hit, so i suppose New York will be closed for quite some time. Kudlow said that $50 billion of the $350 billion small business lending program has now been disseminated. Money is flowing everywhere to help the public, businesses and the economy, but that won’t do much unless we go back to normal at some point.
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