US Treasury Secretary Steven Mnuchin says there will be no more shutdowns to stop the coronavirus pandemic, even as the outbreak flares in some states.

“We can't shut down the economy. I think we've learned that if you shut down the economy, you're going to create more damage,” Mnuchin said in an interview on CNBC.

His comments were echoed by President Donald Trump, who tweeted “We will have a very good Third Quarter, a great Fourth Quarter, and one of our best ever years in 2021. We will also soon have a Vaccine & Therapeutics/Cure. That's my opinion. WATCH!”