Sep 6, 2020

Neel Kashkari on why stimulus is needed to deal with the coronavirus

The best thing that has happened in this terrible crisis has been the way that both parties have come together in Congress to provide a lot of assistance to the American people who've been laid off and the businesses who've been directly effected, and they need continuing support until we get through this.  By the way, if we don't arrest the virus - and this is going to be burning for the next year or two - people are going to need support for the next year or two.  If we were to do an aggressive intervention now, the bridge that they would need would be much shorter and it would actually be more affordable than having to provide assistance for the next couple of years.  But it is very important that Congress continues to provide support, especially to those workers who continue to be unemployed.

~ Neel Kashkari, interview with Sara Eisen, CNBC, 2:45 mark, August 14, 2020

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