Markets

Fed’s Kashkari warns that unless a stricter US lockdown is imposed, the last six months could feel just like a ‘warm-up to a greater catastrophe’

Minneapolis Federal Reserve President Neel Kashkari warned that the US coronavirus case count can only be controlled under a stricter lockdown, without which the last few months could feel like “a warm-up to a greater catastrophe.” “If we aren’t willing to take this action, millions more cases with many more […]
Fed’s Kashkari warns that unless a stricter US lockdown is imposed, the last six months could feel just like a ‘warm-up to a greater catastrophe’
Markets

6 Fed officials spoke out last week about the looming economic recovery. Here’s why they expect it to be bumpy and pose new risks.

Federal Reserve officials took to videoconferences, TV appearances, and interviews last week to offer their take on the ailing US economy and what must be done to save it. Vice Chair Richard Clarida and Minneapolis Fed President Neel Kashkari agreed that the coronavirus’ labour-market fallout is likely worse than already-dismal […]
6 Fed officials spoke out last week about the looming economic recovery. Here’s why they expect it to be bumpy and pose new risks.