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Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable

Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction ReasonableMinneapolis Federal Reserve President Neel Kashkari addressed Bank of America’s prediction for a potential Fed interest rate cut this year in an interview with CBS News on Sunday. Bank of America predicts that the Fed will cut rates once this year, likely in December. “I think that’s a reasonable prediction,” Kashkari said, noting that it […]

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Fed President Neel Kashkari Says Bitcoin Still Has ‘No Legitimate Use Case’

Fed President Neel Kashkari Says Bitcoin Still Has ‘No Legitimate Use Case’

The President of the Federal Reserve Bank of Minneapolis reportedly says that Bitcoin (BTC) has no legitimate use case and that it may be putting investors into “harm’s way.” Neel Kashkari, the bank’s President and CEO says that BTC is more of a consumer safety risk than a financial stability risk. In a LinkedIn Live […]

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Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy

Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced DemocracyThe president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […]

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Fed President Warns of Recession Amid Banking Crisis, Says FOMC Committed to Hammering Inflation

Fed President Warns of Recession Amid Banking Crisis, Says FOMC Committed to Hammering Inflation

The President of the Minneapolis Federal Reserve Bank is issuing a warning, saying that a recession could be around the corner as a banking crisis puts pressure on the US economy. According to a new report by Reuters, President Neel Kashkari says that even though the Fed’s current tactics to combat inflation could cause a […]

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Fed Bank President: Banking Crisis Tips US Economy Toward Recession

Fed Bank President: Banking Crisis Tips US Economy Toward RecessionThe president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari […]

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Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely — Says ‘Inflation Remains Too High’

Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely — Says ‘Inflation Remains Too High’Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Noting that “inflation remains too high,” he stressed: “We don’t want a repeat, so we must defeat inflation now.” Fed Officials on Rate Hikes and […]

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Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’

Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is nonsense,” the Fed president claimed it is “just a tool of speculation and greater fools.” Minneapolis Fed President Neel Kashkari on Crypto and FTX […]

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Fed President Says Entire Notion of Crypto Is Nonsense Following the Controversial Implosion of FTX

Fed President Warns of Recession Amid Banking Crisis, Says FOMC Committed to Hammering Inflation

The President of the Federal Reserve Bank of Minneapolis says that the whole notion of digital assets can be discarded following the collapse of prominent crypto exchange platform FTX. Fed President Neel Kashkari says there is corruption in crypto that won’t end with the downfall of FTX as the entire industry is “nonsense” and has […]

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Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December

Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in DecemberAccording to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a […]

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As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation

As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, InflationInflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” […]

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