KEY POINTS
  • Minneapolis Fed President Neel Kashkari is advocating a full economic shutdown for up to six weeks to halt the Covid-19 spread.
  • In a Friday New York Times op-ed he authored with Michael T. Osterholm of the University of Minnesota, Kashkari said the initial March lockdown didn't go far enough.
  • "To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Osterholm wrote.
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016.

The U.S. economy needs an even more stringent shutdown than the last time if it's going to defeat the coronavirus, Minneapolis Federal Reserve President Neel Kashkari said.

In a Friday New York Times op-ed he authored with Michael T. Osterholm, a professor and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, Kashkari argues that the government should issue a shelter-in-place order "for everyone but the truly essential workers" for up to six weeks.