More from Fed's Kashkari: Cryptocurrency is a farce

Author: Eamonn Sheridan | Category: Central Banks

Earlier headlines from Minneapolis Federal Reserve Bank President Neel Kashkari speaking in a Q&A session are here:

(if you don't want to click, its an inverted yield curve - yw)

  • impact of trade wars on economy is difficult to estimate
  • says immigration is a key tool of u.s. economic growth
  • says balance sheet is sized in part to ensure financial system runs smoothly
  • if Fed were to grow balance sheet again, it would be aimed at smoothing operation of financial system
  • Yield curve may not be a literal signal of recession, but indicates if DFed policy is tight
  • he is generally in favour of lower interest rates, but does not know how much lower 
  • Fed's policy rate may be near neutral now, or lsightly contractionary
  • political heat can get turned up but Fed will stick to the data 
And, yes:
  • Cryptocurrency is a farce
While on the subject, BTC update:

Earlier headlines from MinneapolisFederal Reserve Bank President Neel Kashkari speaking in a Q&Asession are here:
Comments like this 'farce' one often attract the buyers to BTC …. 

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