Kudlow: There’s 'No 2nd Coronavirus Spike, We're Not Shutting Down Economy'

"We are not going to shut down the economy," said the White House National Economic Council Director Larry Kudlow in an interview with Fox News on Friday. "What you do have is certain spots are seeing a little bit of a jump up, some small metropolitan areas are seeing it. The CDC and the health people are all over it. They've sent some task forces out to deal with it."

"But, if you look nationally, the important point is the rate of increase [in] new cases is between zero and one percent. It’s really flattened out, and with respect to fatalities, it's the same. It's actually lower than that. It’s like zero to a half [of] a percent," Kudlow continued.

Markets Plunge As Investors Show Worry About Increase In Coronavirus Cases

Confirmed cases of the coronavirus passed the 2 million mark in the United States on Wednesday, there was a 36.5 percent increase in daily cases in recent days amid street protests and states' reversals of shutdown policies.

"So, if I can calm fears -- again, I'm not the health expert," Kudlow said. "Ambassador Birx may be out and about later today."

"Nonetheless, there is no emergency. There is no second wave," he concluded. "I don't know where that got started on Wall Street."