(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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