Neel Kashkari, head of the Federal Reserve Bank of Minneapolis, sees a 'long, hard road' ahead before a vaccine is developed.
“We could have these waves of flareups, controls, flareups and controls until we actually get a therapy or a vaccine,” he said. “I think we should all be focusing on an 18-month strategy for our health-care system and our economy.”
This “could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine. It’s hard for me to see a V-shaped recovery under that scenario,” he added, referring to a model in which the U.S. bottoms out before rocketing back to where it was. “We need to find ways of getting the people who are healthy, who are at lower risk, back to work, and then providing the assistance to those who are most at risk, who are going to need to be quarantined or isolated for the foreseeable future,” he said. “That’s a real challenge for all of us.”has indicated he believes the economy could be off and running as early as May 1. Earlier, he had planned for an Easter date to lift controls.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carole Baskin Is Not Pleased That You Think She Fed Her Husband to the TigersNo matter your opinion about Baskin, she wants fans of the show to know she is not happy with how she was portrayed.
Read more »
The Fed is on 'wartime' footing and still may be asked to do moreThe moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed.
Read more »
Why the rent is due for rich people in the time of coronavirusWhat are billionaires doing and how much money are they giving to fight COVID-19?
Read more »
The Family Soap Company That’s Cleaning Up In The COVID-19 Fight'Skin is your largest organ,' so take care of it, says soap queen Kelly Vlahakis-Hanks.
Read more »