Minneapolis Federal Reserve President Neel Kashkari says crypto is "95% fraud, hype, noise, and confusion." He added, "I've not seen any use case other than funding illicit activities like drugs and prostitution."
Fed Officials Call for Close Monitoring of Stablecoins gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that it could be "reasonable" to start reducing the Fed's bond-buying program later this year, though it would depend on making further progress in the labor market.