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Kashkari Says Economy Needs More Fiscal Support to Aid Recovery

  • Thousands of small businesses at risk from ‘grinding’ recovery
  • Trump, lawmakers still sparring over size, scope of stimulus
Neel Kashkari
Neel KashkariPhotographer: Andrew Harrer/Bloomberg

The U.S. economic recovery has “flattened out” and is in vital need additional support from fiscal policy, said Federal Reserve Bank of Minneapolis President Neel Kashkari.

“We’re going to continue to see a grinding, very slow recovery, with thousands of small businesses around the country going bankrupt,” Kashkari said in an interview Sunday on CBS’s Face the Nation. “That’s why it’s so vital that our elected leaders come together to take more action.”