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[CNBC]: Trump has previously said there may be “embers” of the pandemic that persist in the U.S. past the summer, but he maintains that they will be stamped out. Health experts, including those in the Trump administration, have said that the virus will likely continue to spread through the fall and winter, and may become even more difficult to combat once flu season begins.State leaders, not the federal government, have imposed harsh restrictions on residents and businesses to try to slow the spread of the disease. But with the U.S. economy straining under the social distancing rules, Trump has loudly called on the country to begin the reopening process. All 50 states have now begun some level of reopening – including New York, the epicenter of the crisis in the U.S. – even as cases continue to rise in some parts of the country.
Trump is determined to revive the economy as he tries to convince voters to give him four more years in the White House. More than 38 million U.S. workers have filed unemployment claims in the past nine weeks as businesses shuttered amid the pandemic.
But markets have experienced a booming rally this week, amid optimistic news about vaccine development and a growing sense from some public figures that the country has turned a corner in its fight against COVID-19.
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