One day after Minnesota moved to further ease restrictions imposed in response to COVID-19, two Minnesota thought leaders — Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, and Michael Osterholm, director of the U of M’s Center for Infectious Disease Research and Policy — had gloomy news for what is yet to come from the pandemic.
Under normal economic assumptions, when the supply of something — labor — is low, its price — wages — should go up.
Twin Cities Business
The Minneapolis Fed President is concerned that recent financial reforms did not go far enough to prevent another financial system meltdown.
Now, barely three months after he settled into his new job, Neel Kashkari is serving up another surprise.