Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday that he is a "pretty big skeptic" on cryptocurrency, arguing that "nobody has found a legitimate use case" for it, apart from as an instrument of speculation and to circumvent bank regulations. Kashkari repeated...
Federal Reserve Bank of Minneapolis President Neel Kashkari told CNBC in an interview on Friday that the rise in the 10-year United States Treasury bond's yield is "not worrisome" and could be happening due to "fiscal deficits."The Fed official reassured the public that the central bank would get...
Minneapolis Federal Reserve Bank President Neel Kashkari said that a December interest-rate cut remains a reasonable option. He emphasized the importance of understanding the economy's current trajectory, noting the balance between inflation trends and economic pressures.
"Right now,...
Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday that he thinks that despite the recent cuts, interest rates are not yet in a "neutral environment," while also stating that the economy is doing well and has shown itself to be resilient."We've cut interest rates by 75 basis...
Minneapolis Federal Reserve Bank President Neel Kashkari stated on Tuesday that United States President-elect Donald Trump's intention to introduce tariffs on certain goods could bring "long-term inflationary impact" due to other countries adopting reciprocal measures.Kashkari explained that in the...
Federal Reserve Bank of Minneapolis President Neel Kashkari warned on Sunday that tariff proposals which United States President-elect Donald Trump presented during his campaign could heat up long-term inflation if global trade partners decide to take similar actions."The challenge becomes, if...
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Saturday that he is "not concerned" about who won the presidential election and those for Congress, as he put, "the dynamics in Washington," regarding monetary policy as all the parties involved strive toward lower...
Minneapolis Federal Reserve Bank President Neel Kashkari expressed on Monday that he anticipates "modest" interest rate cuts in the upcoming quarters, but may advocate for faster cuts if labor markets weaken significantly."Right now, I see modest cuts over the next quarters...Evidence of...
Federal Reserve Bank of Minneapolis President Neel Kashkari recently stated that Bitcoin remains "worthless" after 12 years. He emphasized that, despite the cryptocurrency's longevity, it has failed to establish itself as a viable asset or currency.
Kahkari also stated that inflation continues to...
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that monetary policy tightening did not cause a recession largely because "substantial progress was made in unwinding many of the supply factors that led to the increase in inflation in the first place." He added that, as the...
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