Fed's Kashkari says Trump's 'staged approach' to reopen economy makes sense

Reuters Friday, 17 April 2020
President Donald Trump's plan for reopening the U.S. economy following the novel coronavirus pandemic "makes sense" and is consistent with the advice of health experts, Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with Fox News Channel on Thursday.

You Might Like

💡 One News Page Knowledge: Other News Mentions

Neel Kashkari Neel Kashkari U.S. Interim Assistant Secretary of the Treasury for Financial Stability

8/2: Meadows, Clyburn, Kashkari

This week on "Face the Nation," coronavirus deaths and infections continue to rise in the U.S. as July marks the worst month for new cases since the beginning of..
CBS News

Face The Nation: Kashkari, Gottlieb, Gupta, Salvanto

Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
CBS News

Transcript: Neel Kashkari on "Face the Nation"

The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2,..
CBS News

Minneapolis Fed's Kashkari says "fear" a major factor to declining consumer activity

President and CEO of the Federal Reserve Bank of Minneapolis projects if the U.S economy can grow, the country will be able to pay off its trillions of deficit..
CBS News

Donald Trump Donald Trump 45th president of the United States

Race to the White House: Russia acting against Biden; China opposes Trump

US intelligence officials believe that Russia is using a variety of measures to denigrate Democratic presidential candidate Joe Biden ahead of the November..
New Zealand Herald

'Peaceful protest': Trump defends audience at his golf club who did not adhere to COVID-19 restrictions

The president's official news conferences are White House events paid for by taxpayers. They are not the same thing as his political rallies.

Postal Service Leader Sets Reorganization Amid Scrutiny Over Mail Ballots

The Trump appointee and donor who runs the post office pledged that such changes would not affect the ability to deliver ballots on time this fall.
Trump calls Bedminster crowd a 'peaceful protest' [Video]

Trump calls Bedminster crowd a 'peaceful protest'

When U.S. President Donald Trump was asked by a reporter about members and guests of his golf club in Bedminster, New Jersey not being socially-distanced, Trump replied that it was a "peaceful protest."

Credit: Reuters Studio    Duration: 01:03Published
Still no dice: Dems, GOP stall on aid deal [Video]

Still no dice: Dems, GOP stall on aid deal

Top Democrats and negotiators for President Donald Trump failed to reach a deal on a new coronavirus relief bill, as Trump on Friday said he'd be going "a different way!" Gavino Garay has more.

Credit: Reuters Studio    Duration: 01:37Published

Federal Reserve Federal Reserve Central banking system of the United States

Sensex cracks by 335 points but pharma stocks outperform [Video]

Sensex cracks by 335 points but pharma stocks outperform

Equity benchmark indices swung nearly 1 per cent lower during the afternoon session on July 30 ahead of the expiry day of monthly futures and options contracts. At the closing bell, the BSE S and P Sensex was down by 335 points or 0.88 per cent at 37,736 while the Nifty 50 lost 101 points or 0.9 per cent at 11,102. Most sectoral indices at the National Stock Exchange were in the red except for Nifty pharma which gained by 3.1 per cent and IT which crawled up by 0.6 per cent. Nifty bank slipped by 2 per cent, financial service by 1.8 per cent and metal by 1.2 per cent. Among stocks, energy majors were big losers with Bharat Petroleum Corporation down by 8 per cent to Rs 417.80 per share. IndianOil Corporation dipped by 4.1 per cent, ONGC by 2.4 per cent and Power Grid Corporation by 2.3 per cent. Banking scrips too witnessed losses with IndusInd Bank dipping by 5.4 per cent, Axis Bank by 3.4 per cent and State Bank of India by 2.4 per cent while home loan lender lost by 3.6 per cent. Pharma stocks, however, witnessed handsome gains with Dr Reddy's advancing by 4.6 per cent to close at Rs 4,500 per share. Sun Pharma and Cipla were up by 3.7 per cent and 0.8 per cent respectively. Wipro, Infosys, Vedanta, Maruti Suzuki, Britannia and Reliance Industries too traded with a positive bias. Meanwhile, Asian stocks were flat as the US Federal Reserve members voted to leave the target range for short-term rates between 0 and 0.25 per cent to support the country's virus-battered economy. Japan's Nikkei and Hong Kong's Hang Seng were down by 0.26 per cent and 0.69 per cent but South Korea's Kospi moved up by 0.17 per cent.

Credit: ANI    Duration: 01:29Published
Visa And MasterCard May Be Investigated By The Feds [Video]

Visa And MasterCard May Be Investigated By The Feds

US Senator Dick Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa. The senator wants an investigation over potentially anticompetitive fees. Durbin's letter hi-lighted that merchants are paying excessive debit card fees during the pandemic. The companies have planned major fee changes for US-based merchants. The Feds are requesting a competition-based investigating into Visa, Mastercard, and major issuers.

Credit: Wochit News    Duration: 00:37Published
Fed will reassure markets - economist [Video]

Fed will reassure markets - economist

Spartan Capital Securities' Peter Cardillo expects the Fed to say it'll do "whatever it takes" to keep adding liquidity to the markets when policymakers meet this week. But he also tells Reuters' Fred Katayama that he thinks there's a good chance the markets will pull back, regardless of the Fed, because "the economy is faltering."

Credit: Reuters Studio    Duration: 04:14Published
Fed Chair To Congress: Do These Three Things Now To Save The US Economy [Video]

Fed Chair To Congress: Do These Three Things Now To Save The US Economy

The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.

Credit: Wochit News    Duration: 00:39Published
Shares Drop As Wall Street Waits For Fed's Take On US Economy [Video]

Shares Drop As Wall Street Waits For Fed's Take On US Economy

Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.

Credit: Wochit News    Duration: 00:34Published

Federal Reserve Bank of Minneapolis Federal Reserve Bank of Minneapolis

Fox News Fox News American conservative cable television news channel

Health experts warn U.S. cities of 'trouble ahead' [Video]

Health experts warn U.S. cities of 'trouble ahead'

White House health experts are warning of a slow rise in the percentage of people testing positive for coronavirus in U.S. cities such as Boston, Chicago, Detroit and Washington and urged local leaders to remain vigilant to avoid a surge. Lisa Bernhard produced this report.

Credit: Reuters - Politics    Duration: 02:19Published
Trump defends claim children 'virtually immune' to coronavirus [Video]

Trump defends claim children 'virtually immune' to coronavirus

President Donald Trump has defended his claim that children are 'virtuallyimmune' to coronavirus. Facebook has deleted a post by US President DonaldTrump for the first time, saying it violated its policy against spreadingmisinformation about the coronavirus. The post in question featured a link toa Fox News video in which Mr Trump says children are "virtually immune" to thevirus. Facebook said the "video includes false claims that a group of peopleis immune from Covid-19 which is a violation of our policies around harmfulCovid misinformation".

Credit: PA - Press Association STUDIO    Duration: 01:03Published

Covid 19 coronavirus: Donald Trump's campaign account banned from Twitter

Twitter momentarily banned US President Donald Trump's campaign account from tweeting until an interview during which he claimed children are "virtually immune"..
New Zealand Herald

Twitter blocked Trump campaign account from tweeting over COVID-19 misinformation

Photo by Alex Wong/Getty Images

Twitter said it would prevent President Trump’s @TeamTrump campaign account from tweeting until it removed a tweet..

The Verge

Related news from verified sources

'Catholics for Trump' launches with online broadcast

Washington D.C., Apr 3, 2020 / 04:00 pm (CNA).- The “Catholics for Trump” coalition was officially launched on Thursday evening in an online...

Defending Trump ‘Opening Up America Again’ – OpEd

Perhaps I am a bit edgy due to coronavirus house arrest. Just kidding. However, this guy’s email really annoyed me. “We’re in lock down and people are...
Eurasia Review

Ralph Nader: Trump’s 7 Pro-Contagion Reversals Increase The Coronavirus Toll – OpEd

Trump ridiculed, then minimized, then delayed the federal government’s response to the coronavirus for weeks. Then finally he wrapped his boastful, confused...
Eurasia Review Also reported by •Business Insider

Tweets about this


Olag Gan RT @CNN: The top writer for Fox News host Tucker Carlson has for years been using a pseudonym to post bigoted remarks on an online forum th… 48 seconds ago


Lucy Lydia 🍵🍃🙏🏽 RT @AprilDRyan: Fox News host @TuckerCarlson’s top writer resigns after secretly posting racist & sexist remarks in an online forum. A man… 1 minute ago


Susanne RT @yashar: Blake Neff, a top writer for Fox News host Tucker Carlson, has for years been using a pseudonym to post bigoted remarks on an o… 8 minutes ago