Pres. Trump on the Dow Jones losses over coronavirus fears: 'The markets will all come back...safety, health, number one. The markets will take care of themselves.'
as he and his supporters continued to downplay the threat and accuse Democrats and the news media of hyping the risk to weaken him politically.
"The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy," he said in the statement.
"The market’s the market,” Kudlow said."Given what we know factually, it looks to me like the market has gone too far...I’m not saying the market’s wrong. It is what it is." Acting White House Chief of Staff Mick Mulvaney has a conversation with Stephen Moore, Distinguished Visiting Fellow for Project for Economic Growth at The Heritage Foundation, on stage at the Conservative Political Action Conference 2020 on Feb. 28, 2020, in National Harbor, MD.
"Are you going to see some schools shut down? Probably. May you see impacts on public transportation? Sure. But we do this. We know how to handle this," he added. "The press was covering their hoax of the day because they thought it might bring down the president," he said."The reason you're seeing so much attention to it today is that they think this is going to bring down the president."
Meanwhile, Senate Minority Leader Chuck Schumer fired back at Mulvaney's remarks:"For Mick Mulvaney to suggest that Americans turn off their TVs and bury their heads in the sand when they’re worried about a global health pandemic is Orwellian, counterproductive, dangerous, and would be repeating China’s mistake," Schumer said in a statement Friday afternoon.
"Watching 50 percent of our U.S. government pray for that to collapse, pray for the destruction of those families and those jobs is truly a new low for Democrats that have been exceeding lows in an unprecedented fashion over the last few years," he said. "It's like a miracle -- it will disappear," Trump said in an unscheduled gathering in the Cabinet room with members of the African American community."And from our shores, you know, it could get worse before it gets better. Could maybe go away. We'll see what happens. Nobody really knows."
"If we're doing a great job, we should congratulate these professionals that are the best in the world. And you know what, if we were doing a bad job, we should also be criticized, but we have done an incredible job," he added. Vice President Mike Pence, who held a photo op with Azar Thursday to publicly show he was taking the lead in the administration effort, was in Florida Friday to speak at the Club for Growth's annual conference in West Palm Beach and at a GOP fundraiser for House Republicans in Sarasota.
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