Fed's Kashkari warns that unless a stricter US lockdown is imposed, the last few months could feel just like a 'warm-up to a greater catastrophe'

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• Minneapolis Federal Reserve President Neel Kashkari warned that the US coronavirus case count can only be controlled under a stricter lockdown, without which the last few months could feel like "a warm-up to a greater catastrophe."
• "If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available," Kashkari wrote in a New York Times op-ed co-written with American epidemiologist, Michael Osterholm.
• Both emphasised the need for further government stimulus to aid economic recovery.
• In a separate interview, Chicago Fed President Charles Evans also suggested that another support package is "incredibly important" for citizens to sustain costs of living.
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The Fed's Neel Kashkari warned in a New York Times op-ed that unless a stricter lockdown is imposed in the US, the last few months could feel just like "a warm-up to a greater catastrophe." 

The op-ed, dated August 7, was co-written with Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota.

See the rest of the story at Business Insider

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