Trump considering economic stimulus to offset coronavirus impacts, White House adviser says

President Donald Trump is considering an economic stimulus designed to help businesses hurt by the coronavirus, a senior White House economic aide said Friday, though aides tamped down expectations about the scope of any plan.

“Some of the sectors might need some temporary assistance,” Trump senior economic adviser Larry Kudlow told Fox Business on Friday. “I look at it as targeted and timely and I think that would be the most effective response, but we don’t want to act prematurely because today’s numbers show that the U.S. economy is in very good shape.”

Talk of a stimulus plan, however ambiguous, represents a departure from the standard line the White House has used in recent days: That the fundamentals of the U.S. economy are so strong that the coronavirus will only cause a short-term blip in growth.