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Neel Kashkari - Portrait News

Neel Kashkari

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US should prepare for an 18-month lockdown, says Neel Kashkari

Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, said the US should prepare of an 18-month shutdown to deal with the coronavirus outbreak that is wreaking havoc across the globe.

“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,” said the Indian origin Kashkari in an interview with CBS.

He said that the US should be looking at an 18-month strategy for the economy and health care system based on how other countries have responded to the pandemic.

Source: moneycontrol