Fed’s Kashkari sees long road to U.S. recovery By Reuters

Fed's Kashkari sees long road to U.S. recovery By Reuters


© Reuters. FILE PHOTO: Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said he sees a long road to full economic recovery, and longer still if lawmakers fail to deliver more fiscal stimulus.

A “disappointing” government report Friday showing monthly job gains have slowed suggests “we are a long way from recovering the job market that we had back in January and February,” he said in a webcast interview. If Congress does not pass more pandemic relief, he said, many more small businesses will fail and the recovery will slow further.

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