Lawrence Kudlow wearing glasses: Larry Kudlow participates in coronavirus economic "relief update" virtual event at the White House in Washington Kevin Lamarque/Reuters


© Kevin Lamarque/Reuters
Larry Kudlow participates in coronavirus economic “relief update” virtual event at the White House in Washington Kevin Lamarque/Reuters

  • White House economic advisor Larry Kudlow said Sunday that he doesn’t think an economic recovery is “dependent” on passing the next coronavirus stimulus package.
  • Kudlow’s remarks contradict pleas from Fed Chair Jay Powell, who warned on Tuesday that the economy might falter if another stimulus package doesn’t make it through Congress. 
  • The next stimulus package remains stalled in Congress, as Democrats and Republicans continue to hammer out details of the plan.
  • Visit Business Insider’s homepage for more stories.

White House economic advisor Larry Kudlow said Sunday that he doesn’t think an economic recovery is “dependent” on passing the next coronavirus stimulus package, contrary to the guidance put out by the Federal Reserve. 

“I don’t think the recovery is dependent on it,” Kudlow said on CNN’s “State of the Union.”

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Former GE CEO Jack Welch was a backer of :six-sigma techniques, another managment tool.


Sebastien Bozon/AFP via Getty Images


General Electric

CEO Larry Culp was brought in to turn the industrial conglomerate around. It isn’t easy to change culture at a giant organization, but Culp is trying. And lean management techniques are, perhaps, the most important tool at his disposal.

Culp hosted a “Lean with Larry” event Wednesday to review progress on implementing lean techniques at GE (ticker: GE). Spending an hour and a half on the subject sounds like an engineer’s delight, but financial analysts, and the rest of us, might have to Google terms such as “Gemba” and “try-storming.”

Ultimately, Culp’s goal is to convince Wall Street analysts, investors, and GE employees, that embracing a culture of lean management will benefit the bottom line for years to come.

Lean management’s roots go all the way back

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Opinion polls suggest Scotland would vote decisively for independence if another referendum were held now. Brexit, which Scots rejected by a thumping majority, and Covid-19 have changed the political dynamics since 2014. Put simply, Scotland would rather be inside the European Union with Nicola Sturgeon in charge than outside it with Boris Johnson calling the shots.

That, at least, is how things currently stand. The economic problems an independent Scotland might face, which were crucial in the 55-45% vote to stick with the union six years ago, no longer carry as much weight.

Yet the economic issues have not gone away, as the release last week of the government expenditure and revenue Scotland (Gers) data clearly showed. According to official figures released by the government in Edinburgh, public expenditure in the year to April was £15.1bn higher than was taken in taxes. As a result, Scotland ran a notional

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The strong rebound to America’s economy that White House National Economic Council Adviser Larry Kudlow foresees doesn’t require another round of fiscal stimulus from Congress.



Lawrence Kudlow wearing a suit and tie: White House Economic Council Director Larry Kudlow talks to reporters outside the White House on the morning that the Labor Department announced that more than 20 million people lost their jobs in April due to the novel coronavirus pandemic May 8 in Washington, D.C. On Thursday, Kudlow told Politico that he thought the economy could still recover without another round of fiscal stimulus.


© Chip Somodevilla/Getty
White House Economic Council Director Larry Kudlow talks to reporters outside the White House on the morning that the Labor Department announced that more than 20 million people lost their jobs in April due to the novel coronavirus pandemic May 8 in Washington, D.C. On Thursday, Kudlow told Politico that he thought the economy could still recover without another round of fiscal stimulus.

Weeks of discussions between the White House and Democratic Party leadership stalled as the two sides were unable to come to an agreement, dashing hopes of a package before September. Speaker of the House Nancy Pelosi and White House Chief of Staff Mark Meadows are set to resume their conversations on Thursday afternoon. But if the White House and

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KEY POINTS

Kudlow cited increases in employment, housing starts, manufacturing and retail sales

He said the upsurge in coronavirus cases earlier in the summer did not have much impact on the recovery

“Throwing [out] the spending book and using everybody’s wish list … is not what we’re going to do.”

White House chief economic adviser Larry Kudlow said Thursday that the U.S. is in the midst of an economic boom despite 28 million Americans on the unemployment rolls. He also said the next round of coronavirus stimulus will not include “everybody’s wish list.”

The comments came after the Labor Department released last week’s initial unemployment claims, which rose above 1 million for the 20th time in 21 weeks. The number of claims is five times the level of claims before the coronavirus pandemic began.

Kudlow told reporters he expects 20% growth in both the third and fourth quarters, taking his

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