ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated that very few transactions occur in cryptocurrencies unless they are related to drugs or illegal activities.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated that further "moderate" rate cuts seem appropriate. Recent employment data indicates that the labor market is not rapidly weakening. The degree of restrictiveness of monetary policy remains unclear. The job market remains strong.

ChainCatcher news, Federal Reserve's Kashkari stated that he expects two more rate cuts this year, each by 25 basis points. (Jin Shi)

ChainCatcher news, Federal Reserve's Kashkari stated that the expected policy rate of the Federal Reserve will be 4.4% by the end of 2024 and 3.4% by the end of 2025, consistent with the median forecast of Federal Reserve policymakers. (Jin Shi)

ChainCatcher news, Kashkari from the Federal Reserve stated that the FOMC is expected to cut interest rates as the end of the year approaches. The Federal Reserve is in a strong position to take its time and observe the data; the job market is performing better than expected; the labor market may cool further, with hopes for a moderate decrease.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated, "I think the likelihood of the Federal Reserve raising interest rates is quite low, and it may keep rates unchanged for an indefinite period."

ChainCatcher message, Kashkari from the Federal Reserve stated: "I don't think there is a need to rush to cut interest rates."

ChainCatcher message, Federal Reserve's Kashkari stated that he is surprised by the resilience of the U.S. housing market; once inflation consistently falls back to 2%, we can lower interest rates; we need to be patient until we are sure inflation is declining; perhaps we will have to wait until 2025 to lower interest rates; as political heat rises, the Federal Reserve is more focused on its own mission.

ChainCatcher news, according to a report by Nick Timiraos from the Federal Reserve News Agency, Federal Reserve official Kashkari recently stated that he may support keeping interest rates unchanged at the next meeting, allowing officials more time to assess the impact of past rate hikes and the inflation outlook. In an interview, he said, "I am open to the idea that we can slow down (the pace of rate hikes) a bit from now on." Federal Reserve officials have hinted that the decision on whether to raise rates at the policy meeting on June 13-14 could be a thrilling one.Currently, within the Federal Reserve, a few people say that the degree of slowdown in inflation and economic activity is not sufficient to justify keeping interest rates unchanged. However, others, including Federal Reserve Chairman Powell, have suggested that they may pause to better study the potential lagging effects of rapid rate hikes. But he also stated, "I oppose announcing in any form that we have ended rate hikes, as we still need more information to assess." He concluded by saying that if high inflation persists and requires the Federal Reserve to maintain higher interest rates for a longer period or continue raising rates, then the pressures on the banking sector "could become more severe." (Source link)

ChainCatcher news, Minneapolis Federal Reserve President Kashkari stated that there is increasing evidence that inflation may have peaked, and if inflation continues to rise, higher interest rates may be necessary. The Federal Reserve can only consider cutting rates when it is confident that the inflation rate is returning to the 2% target. (Source link)

ChainCatcher News, Minneapolis Federal Reserve President Kashkari stated that it would be appropriate to continue raising interest rates at least in the next few meetings until we are confident that inflation has peaked. The Federal Reserve must learn from the lessons of the 1970s and avoid premature rate cuts, and should maintain the target rate. Personal predictions suggest that the terminal rate will be 5.4%. (Source link)