"To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Michael Osterholm wrote.
Stock futures were higher as Washington negotiates the next relief package, Eli Lilly announces late-stage trial for Covid-19 drug.
Kashkari was an architect of the 2008 Troubled Asset Relief Program that aided banks through the Great Recession.
As of Wednesday, more than 75,200 cases of coronavirus have been reported, resulting in at least 2,000 deaths.
A discussion of all that's moving the market today including the coronavirus, another jump in Virgin Galactic shares and more.
Getting the Fed to move from its position may not be as tough as it seems if inflation picks up.
Kashkari says the Fed can be patient until there are stronger signs of wage growth and some important headwinds such as the trade war and Brexit pass.
Stocks are plummeting again as the U.S. China trade war escalated even further to begin the week. Here's what four experts are watching.
The Federal Reserve's decision to stop raising interest rates puts a "fundamentally healthy" U.S. economy on track to further growth, Minneapolis Federal Reserve Bank President Neel Kashkari suggested.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are "unquestionably" safer than they were before the 2007-2009 financial crisis.
Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, says Minneapolis Fed President Neel Kashkari.
The chairman of the Federal Reserve, in a letter to a Democratic senator, says stopping the flow of immigration to the U.S. could hurt the economy over time.
It is expected that the Federal Reserve will raise the Federal Funds rate one more time in September.
Federal Reserve President Neel Kashkari speaks on the state of the economy, trade and labor markets before the Williston Basin Petroleum Conference in Bismark, North Dakota.
The bond market is indicating that the U.S. economy could be hovering around a recession, which in turn would mean that fewer interest rate hikes are needed ahead, Minneapolis Fed President Neel Kashkari said Friday.
Government officials hoping that the Fed keeps interest rates low to help finance the debt load might be out of luck. Minneapolis Fed President Neel Kashkari said that national debt concerns are not a factor the Fed weighs when deciding rates.
Minneapolis Federal Reserve Bank President Neel Kashkari said he does not think the Fed should raise rates unless wages and inflation start to take off.
"If wage growth continues that could have an effect on the path of interest rates," he says.
If Minneapolis Fed President Neel Kashkari gets his way, the nation's biggest banks will need to keep more cash on hand — a lot more.
No dynamic could be more important in 2018 for investors than how the Federal Reserve manages what should be an accelerating economy.