Minneapolis Federal Reserve President Neel Kashkari is urging Congress to be “aggressive” with economic assistance in order to boost the United States’ recovery from the coronavirus pandemic.
“I’m seeing, especially on the small business front, I mean, some sectors of the economy are doing fine. If you are a white-collar worker like I am … you’re able to work from home. You’re really not affected by this pandemic,” Kashkari told CBS’ Face the Nation. “But there are many sectors of the economy that are still being devastated. The travel and tourism industries, the frontline service industries, restaurants, and that’s where you’re seeing big job losses and bankruptcies. And this is going to continue to spiral and continue to bleed on.”
Kashkari said that there are roughly 11 million Americans who are still struggling to pay their bills and put food