Kashkari in webinar Tuesday says his FOMC.......>

FED: Kashkari in webinar Tuesday says his FOMC peers have been clear that

negative rates are very unlikely. 

*Kashkari said the Fed would use other more powerful tools first. Said negative

rates seem very unlikely, but it's a situation where you can never say never. 

*US recovery has shifted to a slow one that will need more government support

for unemployed.

*"It looks like this is going to be a long process" on the health side, and may

take 18m or more for a breakthrough like a vaccine.

*Paycheck protection only lasts a few months, and after that firms are

vulnerable to being unable to pay rent; that could hurt landlords and then

banks.

*"We will probably have different parts of the country opening up at different

rates" and monitoring for outbreaks, and that means "a more muted recovery."

*"Congress will need to do more, because a lot of Americans" will be unemployed

*Doesn't make fresh comment on potential for negative interest rates