No 'V-shaped' recovery for U.S. economy likely without more stimulus: White House adviser

This post was originally published on this site

“We’re going to probably need another phase of stimulus of some sort. We’ve built a bridge to the other side of this crisis we believe and it looks like we’re getting close to opening up in many places around the country. With that, we have to think about what’s it going to take to make sure we go back to thriving,” White House economic adviser Kevin Hassett said in a Fox News Channel interview.

“And I don’t think that absent another round of stimulus that it’s very likely that you would see a V-shape,” he added.