Economics
Kashkari Says U.S. May Face 18 Months of Rolling Shutdowns
- Vaccine, effective therapy are key, Minneapolis Fed chief says
- 2020 FOMC voter says hard to see V-shaped economic recovery
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Without an effective therapy or a vaccine for the novel coronavirus, the U.S. economy could face 18 months of rolling shutdowns as the outbreak recedes and flares up again, Federal Reserve Bank of Minneapolis President Neel Kashkari said.