Fed's Kashkari warns that unless a stricter US lockdown is imposed, the last six months could feel just like a 'warm-up to a greater catastrophe'

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Minneapolis Federal Reserve President Neel Kashkari warned that the US coronavirus case count can only be controlled under a stricter lockdown, without which the last few months could feel like "a warm-up to a greater catastrophe."

"If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available," Kashkari wrote in a New York Times op-ed co-written with American epidemiologist, Michael Osterholm.

Both emphasised the need for further government stimulus to aid economic recovery.

In a separate interview, Chicago Fed President Charles Evans also suggested that another support package is "incredibly important" for citizens to sustain costs of living.

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The Fed's Neel Kashkari warned in a New York Times op-ed that unless a stricter lockdown is imposed in the US, the last few months could feel just like "a warm-up to a greater catastrophe."

The op-ed, dated August 7, was co-written with Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota.See the rest of the story at Business InsiderNOW WATCH: Why thoroughbred horse semen is the world's most expensive liquidSee Also:US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10 Roughly 5.4 million Americans will struggle to pay bills this month without the extra 600 weekly unemployment benefit, survey findsUS companies added 167,000 in July, badly missing economist forecasts, ADP saysSEE ALSO: Warren Buffett's best-performing stock over the past 3 months isn't Apple or Amazon. It's a luxury furniture company.

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