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Federal Reserve's Kashkari: Tariff negotiations may take months or years, supports holding steady

ChainCatcher news, according to Jinshi reports, Minneapolis Fed President Kashkari reiterated the necessity of maintaining caution amid the uncertainty of trade conflicts, emphasizing that defending inflation expectations is "crucial." On Tuesday, he stated at a Bank of Japan event in Tokyo that there is a "beneficial debate" among policymakers—whether to view the inflation impact of U.S. President Trump's tariffs as a temporary shock or as a long-term condition.In his speech, Kashkari pointed out that tariff negotiations may take months or years to fully resolve, that the taxation of intermediate goods takes time to transmit, and that the risk of inflation expectations becoming unanchored may increase over time. He stated, "I will prioritize defending long-term inflation expectations."The Federal Reserve has kept interest rates unchanged in all three meetings so far this year, and it is expected to do the same at the next meeting in June. Prior to this, the Fed cut rates by one percentage point in the last three months of last year.Economists generally expect tariffs to lead to inflation, but the extent of this is dependent on the scale of the tariffs and the level of retaliation from other countries. Tariffs could weigh on economic growth and lead to layoffs, potentially resulting in what is known as "stagflation," putting the Fed in a dilemma: whether to maintain high interest rates to curb inflation or to cut rates to support a struggling economy.

HabitTrade Securities supports USDT settlement and two-way staking, enabling instant access to investments in both cryptocurrency and traditional financial markets

ChainCatcher news, HabitTrade is a one-stop global asset trading platform dedicated to enhancing asset utilization efficiency and breaking down investment barriers between the crypto and traditional financial markets. The platform allows users to settle in USDT or release purchasing power through bi-directional staking of stocks and cryptocurrencies, covering a variety of products including US stocks, Hong Kong stocks, ETFs, options, money market funds, and cryptocurrencies. Users can directly deposit mainstream crypto assets such as USDT, BTC, and ETH without the need for conversion, entering the global asset trading scene in 0 seconds, truly realizing "assets as trading power."It is reported that the platform is also actively exploring partnerships with institutions, hoping to serve as a supplement to their trading categories and resource channels, providing Web3 users with a more convenient and efficient investment experience, unlocking the potential for cross-market operations.In addition, HabitTrade has launched a limited-time trading event: users who complete a specified number of trading days can unlock the highest "lifetime commission-free" privilege; users who meet the deposit requirements and maintain the corresponding asset levels during the event period also have the chance to receive additional stock rewards of up to $1,000.
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