9/30/2020, 5:54 PM (Source: TeleTrader)
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We need vaccine to return to normal economy - Fed's Kashkari

President of the Federal Reserve Bank of Minneapolis Neel Kashkari (pictured) asserted on Wednesday that an effective COVID-19 vaccine is a prerequisite for returning the economy in the United States to the pre-pandemic levels.

He described the spread of the virus in the past weeks as "very concerning" and added that the longer the coronavirus pandemic lasts, the bigger the risk for the banks will be.

Back in August, Kashkari pushed for stricter containment measures in the United States, claiming then that the government isn't taking the pandemic seriously enough.

Breaking the News / BU