Watch the full interview with Art Cashin on the market comeback, the Fed and the closed NYSE floor

Art Cashin
David A. Grogan | CNBC

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The support from the Federal Reserve has been a "breath of fresh air" for stocks but the market is unlikely to make a full recovery quickly, UBS director of floor operations Art Cashin said Thursday on "Squawk Alley." 

Cashin also discussed the timeline of opening the floor of the New York Stock Exchange and the possibility of the central bank buying equities.