Fed's Kashkari spoke over the weekend - suggests 4- 6 week shutdown, says Congress can spend big
Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS' "Face the Nation."
Said the economy would be able to mount a robust recovery only if the virus were brought under control
- "If we don't do that and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we're going to see many, many more business bankruptcies"
- "That's going to be a much slower recovery for all of us."
- Congress is positioned to spend big on coronavirus relief efforts