CandleFocus Interest Rate Cut and Bitcoin Remarks by Minneapolis Fed President Kashkari
2024-11-26
Author: Content Editor
Minneapolis Federal Reserve President Neel Kashkari discussed the Fed's monetary policy trajectory and his skepticism towards Bitcoin. He stated that the Fed is focused on managing inflation and ensuring a strong labor market regardless of political changes. Kashkari also mentioned the possibility of a rate cut in December and expressed concerns about housing inflation. He acknowledged the impact of the stock market rally on consumer spending but cautioned against overreacting to stock market volatility. Regarding Bitcoin, Kashkari stated that he struggles to see its value and believes it is primarily used for speculation rather than purchasing goods or services.
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