Transcript: Neel Kashkari on "Face the Nation"

The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2, 2020, on "Face the Nation."

• Aug 2, 2020

Former Fed economist calls profession "a disgrace"

Economist Claudia Sahm cites systemic sexism and racism as problems that compromise the quality of our economic policy.

• Jul 30, 2020

Fed predicts further economic hardship as virus rages on

The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.

• Jul 30, 2020

The cost of taking a gap year amid a pandemic

Students have often been encouraged to take gap years between high school and college, but many graduates are reconsidering their options this year. Economists at the Federal Reserve Bank of New York say students who delay college due to the pandemic could lose more than $90,000 in lifetime earnings. Arun Ponnusamy, chief academic officer at Collegewise, joins CBSN to discuss what students should take into account when making this decision.

• Jul 29, 2020
• 4:21

Shortage of coins in circulation causing concerns

There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin transactions. Michael George reports.

• Jul 11, 2020
• 2:28

Fed predicts long road to economic recovery

The Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.

• Jun 13, 2020
• 5:25

Fed's Kashkari warns bank losses during COVID could trigger financial crisis

"I am concerned the longer this goes on, the more losses banks will face," he told "Face the Nation" moderator Margaret Brennan.

• Jun 19, 2020

Fed's Powell says coronavirus downturn could do severe economic harm

Federal Reserve chair says the risk to small businesses from the pandemic is acute.

• Jun 16, 2020

Stocks fall on COVID-19's spread, Fed's cautious comments

Investors are worried that an increase in infections in some U.S. states could threaten the nation's economic recovery.

• Jun 11, 2020

Fed says 15 million Americans will remain jobless by year-end

Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.

• Jun 10, 2020

Fed chief: Virus hurting "those least able to bear its burdens"

Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.

• May 29, 2020

Boston Fed predicts "double- digit unemployment" through end of 2020

Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.

• May 24, 2020
• 7:11

Stephen Moore withdrawing as Fed nominee

Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over his comments about women and his views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon. Reena Ninan has more.

• May 2, 2019
• 0:20

Fed cuts key rate for 1st time in a decade

U.S. unemployment is down, and the economy is expanding, but concerns about slowing global growth has prompted the Federal Reserve to cut its key interest rate by a quarter-point for the first time in more than a decade. CBS News business analyst Jill Schlesinger joined CBSN to explain what's behind the decision.

• Jul 31, 2019
• 3:41

Fed cuts key interest rate

The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain how it will impact Americans.

• Jul 31, 2019
• 1:23

What the Fed interest rate cut means for you

The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.

• Aug 1, 2019
• 2:35

Potential impact of Fed interest rate cut

The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.

• Aug 1, 2019
• 3:44

Housing market reacts to Fed decision

Real estate expert Rogers Healy explains how the housing market is reacting to the Federal Reserve's decision to lower interest rates for the first time in a decade.

• Aug 13, 2019
• 5:05

"Inverted yield curve" sparks recession fears

Investors are uncertain about the economy after the yield curve, an indicator on the bond market, inverted for the first time in more than a decade, potentially signaling the risk of recession. CBS News correspondent Don Dahler reported from the New York Stock Exchange.

• Aug 15, 2019
• 1:28

Trump putting economy front & center for 2020

President Trump is focusing on the economy ahead of the 2020 election. But a recent CBS News poll shows Americans are split on the future of the economy. Axios' Alayna Treene, The Washington Post's Heather Long, and Republican strategist Kevin Sheridan join CBSN's "Red and Blue" to discuss.

• Aug 27, 2019
• 13:48

NYT: Fed chips away at bank regulations

The Federal Reserve is making a series of changes to requirements put in place to prevent a repeat of the 2008 financial crisis. According to the New York Times, the changes could add up to a weakening of banks' ability to withstand financial losses if the economy takes a turn for the worse. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBSN to discuss.

• Aug 28, 2019
• 5:23

What interest rate cuts mean for your money

Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss how this could affect your bottom line.

• Sep 17, 2019
• 3:41

Fed cuts interest rates for 3rd time in 2019

The Federal Reserve has lowered its benchmark interest rate for the third time this year, in a bid to shore up U.S. economic growth. The central bank also signaled that this rate cut might be the last for a while, barring a sharp downturn in the economy.

• Oct 30, 2019
• 0:31

ICYMI: A look back at Sunday's 60 Minutes

This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?

• May 18, 2020

Fed Chair Jerome Powell on the coronavirus-ravaged economy

The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.

• May 18, 2020

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