HomeLive CommentsFed Kashkari: Economy in grinding recovery without further fiscal stimulus

Fed Kashkari: Economy in grinding recovery without further fiscal stimulus

Minneapolis Fed President Neel Kashkari warned that without further stimulus, “we will end up having a much slower – what I would call a grinding – recovery”.

“If you can’t pay your bills, more quantitative easing is a poor substitute for extended unemployment insurance,” he added said. “Only Congress has the ability to get that direct fiscal aid to the small businesses and to the Americans who have lost their jobs and who are facing real hardship.”

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