Fed's Kashkari: FOMC is "a long way to go" from controlling inflation

[Federal Reserve Kashkari: FOMC is still a long way from controlling inflation] Golden Financial News, Minneapolis Federal Reserve Bank President Neel Kashkari (Neel Kashkari) Friday Markets have over-expected the central bank to start backing off soon, he said. He said in an interview: "I am surprised by the interpretation of the market ... the Federal Open Market Committee (FOMC) is determined to bring inflation back to 2%, and I think we will continue to do so until we are confident that inflation is heading towards 2 percent track, now we’re a long way off.” (New York Times)

Other news:

Federal Reserve Governor Waller: Blockchain Is Totally Overrated: Golden Finance reports that a virtual panel featuring Yale finance professor Gary Gorton, Bank of International Settlements (BIS) executive Hyun Song Shin, and Federal Reserve Governor Christopher Waller discussed blockchain Chain technology and CBDC. Waller said that although the U.S. central bank has devoted a lot of resources to understand digital currency and blockchain, blockchain technology is not efficient, explaining: I think blockchain is completely overrated - the problem is that it is the most Is it an efficient way of doing things? We know that the distributed ledger blockchain is a way to conduct transactions and record-keeping, but it is not efficient.” Waller is also skeptical of central bank-issued digital currencies, he said: These things digital currencies are not payment tools at all. My point is that these things are just electronic gold. They are forms of storage that carry wealth across time. Look at art, look at baseball cards, all these essentially useless things that people spend a lot of money on and hold because they Think they can sell it later and get their money back." (coindesk)[2022/3/27 14:20:06]

Federal Reserve Daly: There is something worthy of attention in the money market and the cryptocurrency market: On February 1, the Federal Reserve Daly: There is something worthy of attention in the money market and the cryptocurrency market. Households, banks and businesses have plenty of liquidity and are in good shape to weather the storm. (Golden Ten) [2022/2/1 9:25:06]

Fed chair: Inflation in coming months will be short-lived: Fed chair Jerome Powell said inflation in coming months will be short-lived. The Fed will be patient and will not react if it sees a slight rise in inflation in the short term. (Golden Ten) [2021/1/28 14:10:40]