Federal Reserve Bank of Minneapolis President Neel Kashkari believes that the U.S. economy could experience 18 months of rolling shutdowns as the Wuhan Virus outbreak dies down and potentially flares up again.
Kashkari maintains this position in the case that no effective therapy or vaccine is developed for the virus.
“We’re looking around the world. As they relax the economic controls, the virus flares back up again,” Kashkari declared on April 12, 2020 on CBS’s “Face the Nation.”
“We could have these waves of flareups, controls, flareups and controls until we actually get a therapy or a vaccine. I think we should all be focusing on an 18-month strategy for our health care system and our economy.”
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