Fed’s Kashkari warns that delaying stimulus will have ‘enormous consequences

 Many central bankers have been warning about not getting more stimulus to the U.S. economy, saying that the cost of doing nothing could be major. Minneapolis Federal Reserve President Neel Kashkari is the latest. He went on to say that things can get much worse if we choose to not support the people that have lost their jobs then they cant pay their bills. This will create a domino effect in the economy. On last Tuesday the negotiation came to a halt thanks to Trump's tweet which called for a negotiation stand down by his party until after the election. He then had to correct his tweet to push funding more towards airlines. Thanks to the economies problem being caused by covid it has made congress a lot more willing to use public funds to support people in need. So far congress has approved 2 trillion dollars for funding and the fed has been slashing interest rates to help the economy as well.

Do you think another round of stimulus checks are desperately needed?

https://www.cnbc.com/2020/10/07/feds-kashkari-warns-delaying-stimulus-will-have-enormous-consequences-.html#:~:text=Fed's%20Kashkari%20warns%20that%20delaying%20stimulus%20will%20have%20'enormous%20consequences',-Published%20Wed%2C%20Oct&text=Minneapolis%20Fed%20President%20Neel%20Kashkari,is%20important%2C%E2%80%9D%20he%20said.