This is at odds with President Donald Trump, who spoke unfavorably on Monday about lockdowns.

Kashkari's ideas have previously confounded the crypto community.

The President of the Federal Reserve Bank of Minneapolis has called for another lockdown to save the US economy.

In a Friday New York Times op-ed, Neel Kashkari wrote that in order to "save lives, and save the economy, we need another lockdown." 

Along with Michael T. Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, Kashkari said that a "more restrictive lockdown," state by state, is necessary to "crush the spread" of COVID-19.

He argued that "what we have done so far hasn't worked," and proposed that the new lockdown be for up to six weeks - and stricter than before...

...Not only will a stricter lockdown save lives but "there won't be a robust economic recovery until we get control of the virus," wrote Kashkari.