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"
Importance
Level 1
- 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.
#UNITED STATES#USD#JAPAN#UNITED KINGDOM#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#US SESSION#FEDERAL RESERVE#CENTRAL BANK#DXY