Fed S Neel Kashkari Urges Congress To Give Families More Money Predicts Economic Hardship Could Last 18 Months
Kashkari’s comments follow remarks made Wednesday by U.S. Federal Reserve Chair Jerome Powell who said more financial support from the government would be required to ensure the economy is not permanently damaged. “If this is a slow recovery, the way I think it is—I think we’re in this for months, a year, 18 months—there are going to be a lot of families that are going to need direct financial assistance,” Kashkari said at a virtual event Thursday....