Minneapolis Fed President Neel Kashkari stated that interest rates could continue at current levels for a long time.
Kashkari stated that interest rates could be lowered if there is a decline in inflation or a weakening in the labor market. He also stated that if inflation remains stable at 3 percent, the FED may raise interest rates, but he did not completely rule out this scenario, although he did not find it very likely.
He mentioned that due to high interest rates, investors can avoid high-risk assets such as Bitcoin. On the other hand, the crypto market recovered after signs of a slowdown in the US labor market.
Parth Chaturvedi, Investment Manager at CoinSwitch Ventures, said that the economic slowdown usually leads to lower inflation and lower interest rates.
