FOMC communications blackout period is over.....>

FED: FOMC communications blackout period is over. Minn Fed Pres. Kashkari on

CNBC opining on COVID-19 outlook, and what tools are left in the toolbox:

- In better case scenario for coronavirus: a few weeks/a month of people staying

at home, maybe will get better in summer.

- Says Fed still has powerful tools ... Will see what's necessary. Couldn't tell

you what's happening in the future.

- As Chair Powell said, "not much interest" in going below zero on Funds rate.

- Hypothetically if 10-Yr Tsy were at zero, might we want to have a positively

sloping yield curve, might want to go negative.

- Seeing strains in the commercial paper market, watching closely. Can't comment

beyond that. Should be looking at a range of markets.

- Shouldn't be looking at bailing out airlines etc: not our job, up to Congress.