Minneapolis Fed's Kashkari pushing for rate hikes NOW—says it's time to "slowly move rates up" as inflation sits above 2%
He was 1 of 3 FOMC members who voted FOR a 25bp hike last week
Not calling for aggressive moves, but wants gradual tightening to start
Translation: Fed pivot hopes? Dead. Liquidity tightening incoming. Risk assets ($BTC $ETH) could see pressure if this hawkish tone spreads
Watch the macro—rate expectations are shifting fast
He was 1 of 3 FOMC members who voted FOR a 25bp hike last week
Not calling for aggressive moves, but wants gradual tightening to start
Translation: Fed pivot hopes? Dead. Liquidity tightening incoming. Risk assets ($BTC $ETH) could see pressure if this hawkish tone spreads
Watch the macro—rate expectations are shifting fast