Worst yet to come: Fed official after US loses 20.5 mn jobs due to Covid-19

"We may be in an environment of gradual relaxing and then having to clamp back down again around the country as the virus continues to spread," he said.

A US Federal Reserve official said that the worst was yet to come on the employment front after a staggering 20.5 million jobs were slashed in April amid the Covid-19 pandemic.

"I mean the worst is yet to come on the job front, unfortunately. And that it really is going to be, you know, as these states start to reopen and as businesses start to reopen, obviously we need them to reopen safely," Neel Kashkari, president of the Federal Reserve Bank of Minneapolis said to ABC News on Sunday.

"We may be in an environment of gradual relaxing and then