Fed's Kashkari (2026 Voter) says Fed is close on both mandates and rates are pretty close to neutral; labour market has remained pretty resilient, it is softer, but still "decent to pretty good"

• Crypto is utterly useless.
• Optimistic about AI, with almost all businesses finding benefits from using it.
• US structurally short housing may be due to interest rates but adds that zoning, material and labour costs are also factors.
• Says Warsh is qualified to be Fed Chair.
• Not sure if the Fed shrink the balance sheet without big changes. 

Kashkari's comments suggest a measured stance from the Fed, highlighting that rates are near neutral while emphasizing the resilience of the labor market. This positioning may indicate that the Fed is unlikely to accelerate rate hikes significantly, which could influence USD strength and fixed income dynamics. His remarks on structural challenges in housing suggest a complicated interplay with monetary policy that could impact market expectations.