. >> tucker: neil kashkari joins us. thank you for coming on.ow do you assess the president's three-phase plan? >> you know, tucker, thanks for having me. i'm always a not a health expert myself but i talked to a lot of epidemic geologist -- epidemiol. it seems consistent with the advice and feedback we've heard from health experts, there's a way to slowly open the economy. we want to try to avoid the virus flaring back up again and giving back the gains we've had. i think a staged approach, looking over the horizon, make sense. so i think it's consistent with what i've heard from the experts. >> tucker: you are an expert on monetary policy, of course. and the economy more broadly. where are we, do you think? it's probably a complex answer but how would you sum up the condition of the u.s. economy right now? >> it's not grinding to a halt, but this is the deepest and quickest shutdown of the economy that we've got a record four. the unemployment, some 20 million people filing for unemployment claims in a few weeks. we have never seen something l

dollar people now see when steve banana chan and neil kashkari go on television and say we've got instead of quantitative easing money printer go britain where there's no end in sight we're going to keep printing money until we fill the entire 7 seas of fat garbage and they say the raining of paper money in venezuela cluttering the straits you know bitcoin is this is to coin a year max i'll. well you know i've been working in the paper a little bit i've never been more boys than i have now i think the circumstances that we see around the world are the perfect condition to make a big boy or value proposition shine and be in an ecosystem of wonderful applications that are going to be introducing big to a whole new lot of people it's all coming together it's going to be a wonderful year and i'm i'm nervous but very excited or was that when i look at the local because in the charts of where bitcoin is being adopted i see countries like argentina where that option a skyrocketing all over south america brazil a colombia i see in egypt because adoption is now skyrocketing of some countries that

i welcome today's announcement by the chancellor but does he not accept the view from neil kashkari,t ways. he talked about the us there, the us has no equivalent of our fellow scheme, which is probably the most significant economic intervention we have put in place. it was up and running four weeks after we announced it and is already getting money to businesses as we speak to pay wages. he talked about other european countries. we have now issued more sea bills, loa ns, have now issued more sea bills, loans, than the equivalent scheme in germany. as we look ahead to a gradual lifting of restrictions on business in the coming weeks, will my right honourable friend look for common—sense opportunities, such as allowing open air markets to trade in the same way as supermarkets question mark and will he also look at changes to the furlough scheme to help it to accommodate a gradual return to work? i thank my right honourable friend for his thoughts and comments and i know he has put a lot of personal time and energy into thinking about these things and welcome his engagement. he makes v

neil kael kashkari made some xcs about the country's ability to reopen in the next couple of days, sayingithout a vaccine we could have 18 months of rolling shutdowns. >> it would be wonderful if a new therapy would be developed in the next couple of months and people could go back to work and get treatment. potentially we would have a v-shaped recovery. barring a health care miracle like that, it seems like we'll have various phases of rolling flareups as we heard from your guests from washington, different parts of the economy turning back on, maybe turning back off again this could be a long, hard road we have ahead of us until we get to an effective therapy or vaccine. it's hard for me to see a v-shaped recovery under that scenario >> jim, too bearish? >> yeah. you have to have testing i know that nancy pelosi says testing, testing, testing. >> that's been the call. but, look, if we know we're okay, and i know -- i hear it, jim, you don't know if you're okay for the next five days. everybody wears a mask we have a lot of testing, then i think you're willing to go out if it turns out t

neil: what about this notion that it could be an 18-month, up to 1-month -- 18 month roller coaster of flare-ups? minneapolis federal reserve official who was fearing that. neel kashkari was saying, that tends to be your medical point, doctor, the history of these things, in this case it might be even more pronounced? do you then believe we all should be rolling out of this together or none at all? is there any benefit to a staggered deshelterring plan when those, let's say who do deshelter or ratchet things down, they're free to travel to the places that might still be sheltered, right? >> everybody has a different risk tolerance what they're willing to do and, but i think we have to not only think about ourselves, we have to think about others who we may infect. i don't think there will be one plan to draw everything out based on one city, new york, l.a., wherever we're at. everybody region will be different. tough understand which group you're in. are you in susceptible group, have you been exposed, infected and recovered with antibodies? when we have the testing available where we can see where populations are, then we can make calculated decisions because how do