America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari

MarketWatch ^ | April 12, 2020 | By Shawn Langlois

[MinorityRepublican]

America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis.

‘This could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine. It’s hard for me to see a V-shaped recovery under that scenario.’

[cowboyusa]

Yeah, no.

[From The Deer Stand]

Sheesh. Another Minnesota Liberal?

[DennisR]

Uh...no. We will take our cautious chances. We are adults, after all.

[rightwingcrazy]

“Don’t fight the Fed”. This guy seems inclined to jawbone the economy downward. I wonder if his counterparts agree.

[Persevero]

Right. We’ll just die for another year.

[Zathras]

Only the King of Idiots would suggest anything like this.
We need to be back open for business in 2-3 weeks max

[No.6]

We must be prepared to tank the economy until the day after the election because, um, reasons. Never mind whether we should’ve stopped at all. I see you’ve had too much to think, citizen!

[DAC21]

To Doom and Gloom Neel Kashkari, FOAD.

[2banana]

The supply chain will collapse in three.

[TigersEye]

It will definitely be a hard road if they try to lock us down that long.

Buy some hemp rope before the shelves are emptied of it.

[Dave911]

This guy is a Fed CEO??? He should be fired for stupidity.

[McGavin999]

You can keep New York shut down if you want but the rest of us want to go back to work.

[Texas Eagle]

AHA! Notice not 18 months of THIS shutdown, but 18 months of shutdowns. Plural.

demonicRATS are already looking to manufacture and exploit future "crises" that require shutdowns so they can extort money from taxpayers.

[DAC21]

“To Doom and Gloom Neel Kashkari, FOAD.”

Hahaha, supposedly he is A Republican. In the Mittens Romney camp no doubt.

[Tolerance Sucks Rocks]

Yaaaaaah, screw you, Neel. You’re just interested in buying trillions in federal bonds to broaden the Fed’s balance sheet, IMO.

[Old Yeller]

No deal.

[ConservativeInPA]

It’s comforting to know he isn’t a doctor so he can only screw us by being slow to react with interest rate changes and printing too many dollars.

[learner]

An Idiot. Shut down that long and then a depression.

[faithhopecharity]

We have a very effective treatment already. This guy doesn’t belong in any position of responsibility