Kudlow says no need for more unemployment aid even as election looms

Reuters

Published May 21, 2020 01:42PM ET

Updated May 21, 2020 02:05PM ET

(Reuters) - U.S. White House economic adviser Larry Kudlow on Thursday dismissed the idea of extending unemployment benefits even as he acknowledged that nation's unemployment rate could still be in double digits when American vote in November.

Kudlow, in an interview with the Washington Post, also said President Donald Trump was happy with the U.S. Federal Reserve's performance but differed with the president in saying he did not see a need for the central bank to pursue negative interest rates right now.