May 12, 2020 / 2:15 PM / 21 days ago

Fed's Kashkari: 'We might be in this for a long time'

FILE PHOTO: President of the Federal Reserve Bank on Minneapolis Neel Kashkari listens to a question during an interview in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

(Reuters) - Minneapolis Federal Reserve President Neel Kashkari repeated Tuesday his view that the economy is not likely to bounce back quickly from the coronavirus crisis, and may not fully recover until a vaccine is discovered.

The U.S. government is able to issue large amounts of debt cheaply, and should do so to support the economy, he added in an online interview with Matt Ehlman.

Reporting by Ann Saphir; Editing by Chizu Nomiyama

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