Fed Member Neel Kashkari on Interest Rates and Economic Outlook
Neel Kashkari emphasized the Fed's data-driven approach, noting progress in reducing inflation while the labor market remains robust.
He stated that China is not a major competitor to the U.S. and dismissed the idea of replacing the yuan with the dollar as the global reserve currency.
While he acknowledged strong U.S. competitiveness, he cautioned that it should not be taken for granted.
A decline in labor demand could potentially lead to higher unemployment rates.
Bitcoin Value: Kashkari labeled Bitcoin as "worthless" after twelve years
