on Friday alongside Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota.All Things Considered
Giving up too early cost the economy, says Kashkari. What the country needs now, he says, is"a more stringent, uniform lockdown state-by-state" until the virus can be brought under control."Then we can return to normal economic activity with more confidence."The economic argument is what we're doing right now isn't working.
I want us to get back to a robust economy as quickly as possible. This is much faster than allowing the virus to spread uncontrolled.Well one of the things that has happened in this recession that is unlike any recession in modern times, our savings rate has taken off. It's really curious. Those of us, like me, who have been able to keep our jobs, we're actually saving more money because we're not going out to restaurants or movies or on vacations.
MinneapolisFed Do you actually have a mental disorder?
Can we suspend loan and bank interest for the lockdown period to defray the costs incurred by business and individuals who are not allowed to open? (National banking pause button)?
Idiocy.
Is he a medical professional?
covidwears Then why are so many business shutting down, it’s killing it. Shut the bloody beaches and arcades and stop the mass gatherings in the streets and fields, that your problem. Zero socail distance
What happens after 6 weeks? You guessed it, the virus comes right back.....
Maybe Sweden can weigh in on this idea...
Good luck with that... Logic doesn't not compute with a Orange Cultist... You Sir are peeping on a forest fire, with a headwind blowing at 100 mph.
I called for this on March 10 and I'm just some local moron...
He's so full of crap. 6 weeks puts us in mid to late October to reopen a dead economy right before the election. No bias on this guy's part, right?
yogoldsmith This makes me think, tangentially, if a woman showed up to interview for a top executive position, and she had her head shaved, would she be judged by a different standard?
Been saying this since May..although the states are supposed to govern they should have worked together. The tri state area did well. Rest of nation should have followed suit
He is head of the Fed in Minneapolis. So he has a megaphone. But he's not a health expert. He has no idea what effect that lockdown would have on covid. And if it had no effect, a six week shutdown of the economy would be ruinous. He is an idiot for speaking about this.
andrewthesmart Isn’t this what we were supposed to do in f***ing March and April? We could have saved lives, the economy and our sanity. If it wasn’t for some psychopaths, we wouldn’t be locked up for over 5 months now. It would be in shorter waves instead of one long ongoing deadly drama 😞
send me a check
The big problem with this is every business thinks they are an essential business.
blackwomenviews We should have done this months ago, but we have no leadership in the White House.
Or we could do it for, like, the people and their, like, health and wellbeing or something
I am getting fucking sick of these bureaucrats who are so caviler with the rights and freedoms of the American People. This is a fucking free country. It's time to get out those who threaten this great land and its Constitution, foreign or domestic
Sweden has pretty demonstrated that this is utter lunacy.
A lockdown and people need money
I miss lockdown. All those naps. Movies. Snacks. I painted every room of my house. Had a nice garden. Cleaned out every closet. Got organized. I get happy just remembering the feeling of home.
More than the lockdowns, inculcation of sense of discipline among citizens is the need of the hour. If people fail in their duty to protect thyself and others and only want the Govt to do everything. Then the purpose is not achieved rather it is defeated with heavy costs.
Will this 6 weeks include EmergencyUBI UBI UniversalBasicIncome
What a stupid suggestion! It’s a virus. It won’t just die even if most people stay home for six weeks.
Must be a very smart guy, president of Fed and medical public policy expert. Impressive!
Does that include stopping the riots?
Trust the fed. They loves you
Idiot
Yep
Cool - then he and every other federal salaried employee take NO pay or benefits for the six weeks that they want to be shut down.
If there is a full lockdown there should be no workers aside of first responders and grocery delivery. No penalties on late bills. Just good luck for paying for groceries.
rolandsmartin Obviously everyone knows it. But our country is full of idiots who think it infringes on their rights lol. So dumb
It’s sad how we could have had this under control. But wearing a mask became political. How many business can’t open cause the virus keeps growing. How many business won’t reopen. How many people won’t be able to return to work. Because we as an American won’t do our part.
The only lockdown needed is of NPR
Ya Right
'Giving up too early cost the economy.' 💯 Trump pushed the openings that cost the economy and those openings cost thousands of lives.
Nice knowing you, Neal. Take some time off before you choose your next step.
The business community has to demand a full on mask mandate with penalties for not wearing a mask. There is no other way to reduce the spread. There is no other way for the majority of people to be comfortable with being out in public to spend their money, put kids in school.
yes. The question is whether the Northeast needs to join the rest of the nation. If the South won’t close while we’re open, I guess we take the hit for the country, but it’d be a harsh payback for acting responsibly since March.
This is true but it’ll only work if we also take the correct steps after. Otherwise we’ll be right back to where we are now.
Fool! Keep to money.
ljohn44 maybe you should send this message to govkristinoem as they're holding a SuperSpreader event in SturgisRally
This would be a total disaster.
I want to see what we're going to DO with the six weeks first.
No shit. March called. It wants its obvious recommendation back.
This is not fake news and is a very rational proposal. If only we had done it i March and April -and please don't say we did, most places in US never really shut down like they did in Europe, and in most what little they did was for a lot less than six weeks.
We are on the decline again in the US for the last almost two weeks! Why is the media lying about that?
you are only 3 months behind most other countries.
defundNPR
Guys we had a lockdown. It was squandered and the governors pandered to their largest donor industries. I will never trust a lockdown again
...said everyone with a functioning brain that isn't soaked in Trump's spray tan runoff four fucking months ago.
Eugene_Scott Could be? It’s actually the only thing that we know has worked so far in other countries.
A lockdown is necessary but not sufficient. Need a global strategy to defeat COVID19 coronavirus FederalReserve Fed economy
Stop. We did this in March with the belief the federal government would implement a nationwide plan for testing and tracing in coordination with the states. This didn’t happen b/c the Trump Administration actively doesn’t care. A lockdown can’t change that.
This would have to be led by the White House, so a national shutdown is unlikely.
We spent a few trillion back in April and May to manage a lockdown. Except Trump and his sycophants stopped oversight, directed the bulk of the funds to their friends and then sabotaged mitigation and testing efforts. 162,000 dead.
Should have been done in February.
Please lock down the Democrat cities! They must stay inside for their safety, that includes protest and riots.
Fed better pay people directly... govt is way too slow.
Another Minnesota communist
Total BS and LiberalHypocrisy.
This was march - may...
RWMann very little hope for this absolutely correct remedy given our broken culture/society/politics/country
Most sensible people have been saying this for 5 months now.
Thank the LORD somebody is talking like they got sense! We should have done this the FIRST time COVID19 came on the radar. Why is one state requiring masks and another state only suggesting it? We are ONE country, not 50-nations. I wish we had a leader to make this happen TODAY!
Fuck that, I hope they defy this with peaceful protests
But if there is a lockdown and you can't work, how are you supposed to pay your bills? The government has done nothing but delay any agreement since August 1st. How are people supposed to save money that they don't have?
MattLorenzo
Yes, the people destroying our currency should be giving us advice. When their work comes to it's inevitable conclusion, this country will self destruct.
Get on with it. The world is sick of watching this deadly slow mo train wreak.
WE SHOULD HAVE FONE IT MONTHS AGOOOO! GOOD GOD! YES! IM YELLING.
Not listening to the president of an unlawful government agency. abolishthefed
This is all we had to do back in March. Sad. No leadership. And a bunch of asshole citizens.
Yea, I'm sure someone like him can afford that...get this nonsense off our feed, you joke of a publication.
FUCK YOOOOUUUU...
federalreserve hacked.
Thank you! The “no plan” approach has been more costly than any actual plan would have been
Whack-A-Mole clearly isn't working, in lives lost or economic recovery.
A man with a brain & common sense.
Really black eyes...
America is calling for the resignation of the president of the Federal Reserve of Minneapolis.
let's just do it an get it over with already
Right in order to reset! Especially since they know more about this rogue mutant virus Banking on another shift in October
Why not use science and statistics? I don’t understand why statistical sampling, contact tracing, quarantines, PPE, etc has not been more widely used. These have been available for decades. Lockdowns are like using a cudgel to fight a forest fire.
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