Economics
Fed’s Kashkari Says Worst Is Yet to Come, Congress Must Step Up
- FOMC voter says virus impact may linger for year or two
- Real jobless rate in U.S. is already as high as 24%, he says
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Americans should brace for even more gut-wrenching news on unemployment amid the coronavirus pandemic, and Congress should consider providing more help, said Federal Reserve Bank of Minneapolis President Neel Kashkari.