White House economic adviser Larry Kudlow told reporters on Wednesday that he does not believe systemic racism exists in the U.S., despite historic discrimination against black Americans in the job market, the housing market and the disproportionate impact the coronavirus pandemic has had on racial minorities.

Driving the news: More than two weeks of nationwide Black Lives Matter protests in the wake of George Floyd's killing has prompted politicians and businesses to publicly denounce racism in the U.S. and call for policy changes to address structural inequalities.

What he's saying: "I don't believe there's systemic racism in the U.S. I'm not gonna go into a long riff on it. Black employment increased 300,000, did you know that? You didn't, right. So, that's a big win. And the black employment-to-population ratio went up over a percentage point. That's a big win."

  • "We do believe that returning to growth and prosperity creates opportunities for everybody. And we have also worked very hard putting out about a thousand opportunity zones with various tax regulatory breaks. ... We've given a lot of money to historic black colleges and universities. We've worked for very strong criminal justice reforms," Kudlow said.
  • "I will say it again: I do not," Kudlow responded when a reporter asked again if he believed there is systemic racism against African Americans in the U.S.
  • "I think the harm comes when you have very bad apples on the law enforcement side. What was done to Mr. Floyd was abysmal. I believe everyone in this country agrees with that. I think scholars like Heather Mac Donald and others have rebutted that. And I think there will be reforms," he said.
  • "I think part of this coming back together ... the president is a law and order man. Law and order is good for growth. Law and order is good for families. Law and order is good for people of all colors — it's a unifying message."

Where it stands: Under half of black adults in the U.S. currently have a job amid mass unemployment caused by the coronavirus pandemic — a rate lower than Hispanic, Asian and white Americans, per the New York Times.

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Larry Kudlow fights statistics on black-white wealth gap

Photo: "Axios on HBO"

White House economic adviser Larry Kudlow says he believes the wealth gap between black and white people has narrowed, and questioned statistics that show the gap now is as wide as it was in the 1960s.

Why it matters: In an interview with "Axios on HBO," President Trump's top economic adviser told Axios' Jonathan Swan that different measures of wealth suggest there has been progress — meaning the advice Trump is getting is out of sync with the conclusion of recent studies.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
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  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
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  8. 1 📽 thing: Drive-in movie theaters are making a comeback.