Federal Reserve's Kashkari: Supports AI practicality, calls cryptocurrency "basically useless"
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, stated in a recent live event that the U.S. economy will continue to grow well, and inflation will keep declining, but the specific numbers by the end of the year remain unclear.He specifically pointed out that artificial intelligence technology has practical value, but most companies are still in the testing phase; regarding cryptocurrencies, he unhesitatingly called them "basically useless" for the average consumer. Kashkari also emphasized that the current Federal Reserve policy is not quantitative easing, that the lack of housing supply is the biggest obstacle in the real estate market, and reiterated the importance of the Federal Reserve's independent decision-making.