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Uncertainty over the economy is weighing heavily on millions of Americans, even as talk of reopening some businesses has dominated discussions at state capitols and the White House.

Right now, economists don’t have many answers.

“None of us knows how long this is going to go on because we don’t know how the virus is going to progress and how the health care system will be able to respond to it and hopefully get ahead of it,” said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.

Kashkari talked with MPR News host Kerri Miller and 

during a national call-in special about COVID-19’s effects on the global economy.

Despite the deluge of bad economic news, there’s been a bright spot, of sorts, for Kashkari: Political leaders have put partisan differences aside and agreed to support the American people through relief packages, he said.

That’s involved three packages so far — 

“The Fed — we’re doing our part to make sure the financial system is working, but Congress is playing a very, very important role,” Kashkari said. “I expect they will continue to play that role.”

Here are a few takeaways from our conversation with Kashkari:

To listen to the full conversation you can use the audio player above.

Previously

Hard questions, real answers on personal finance

Hard questions, real answers with WABE

Hard questions, real answers with the Mayo Clinic

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There are more questions than answers when it comes to the future of the economy post-pandemic. We turned to the president of the Federal Reserve Bank of Minneapolis for his views on federal stimulus funding and who is hardest hit right now.

MPR News with Kerri Miller - Experts on reopening the economy: ‘There’s so much uncertainty’

"For Sale By Owner" and "Closed Due to Virus" signs. 

Experts on reopening the economy: ‘There’s so much uncertainty’

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