Minneapolis Federal Reserve Bank President Neel Kashkari said Sunday that fast resolutions on tariffs with countries would ease recession fears and restore confidence in the markets.

Kashkari made the comments in an interview with CBS’ “Face the Nation” in response to a question about the odds of a recession amid President Donald Trump’s tariffs and trade war with China.

“Are there quick resolutions to these trade uncertainties with our major trading partners? The faster those resolutions come, I think the more that confidence can be restored, and hopefully those odds can be brought down,” Kashkari said. “But it is a serious situation if everybody gets nervous at the same time, businesses and consumers, and they all pull back at the same time that can lead to an economic downturn just by itself.”

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