The United States could reopen the economy in the month of May amid the CCP virus pandemic, said Treasury Secretary Steven Mnuchin on Thursday.
Speaking in a morning interview, Mnuchin was asked by a CNBC pundit about whether the United States could be “open for business” next month. "I do," replied the Treasury secretary.
So far, more than 16 million Americans have made unemployment claims during the pandemic, while some economists have said the unemployment rate could surpass 20 percent.
Mnuchin's comments came after the Federal Reserve announced measures to obtain another $2.2 trillion to finance businesses and municipalities.
President Donald Trump has said several times that he hopes Americans will be able to get back to work by Easter, April 12, although the administration has issued social distancing guidelines until the end of this month.
Senior White House officials have gone on the record and expressed optimism in interviews and briefings as the CCP virus appears to have peaked domestically. On Wednesday, Trump expressed there is "light at the end of the tunnel."
“I think we can say that we have to be on that down side of that slope and heading to a very strong direction that this thing is gone. We could do it in phases,” Trump said when he was asked about the steps that his administration would have to take to reopen the economy.
The number of virus cases surpassed 430,000 as of Thursday morning, according to researchers.