FED'S KASHKARI SAYS THE LABOR MARKET HAS REMAINED PRETTY RESILIENT, IT IS SOFTER BUT STILL "DECENT TO PRETTY GOOD"
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KASHKARI: FED IS CLOSE ON BOTH MANDATES AND RATES ARE PRETTY CLOSE TO NEUTRAL
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KASHKARI SAYS HASSETT'S COMMENTS ABOUT FED STAFF RESEARCH WERE "JUST ANOTHER STEP" TO TRY TO COMPROMISE THE FED'S INDEPENDENCE
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IRAN TO FACE RESPONSE IT CAN'T IMAGINE IF IT ATTACKS ISRAEL -IRAN PM
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KASHKARI SAYS HASSETT COMMENTS ON STUDY UNDERMINE FED INDEPENDENCE
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KASHKARI: FED IS COMMITTED TO MAKING THE BEST DECISIONS BASED ON DATA AND ANALYSIS, AIM TO AVOID OTHER "DISTRACTIONS"
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KASHKARI SAYS OPTIMISTIC ABOUT AI, ALMOST ALL BUSINESSES ARE FINDING BENEFITS FROM USING IT
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KASHKARI: AI COULD BE A BOOST TO PRODUCITIVITY IN THE NEXT 5 TO 10 YEARS
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KASHKARI: FED IS CAUTIOUS ABOUT USING AI INTERNALLY, WITH STRONG GUARDRAILS AGAINST GIVING ACCESS TO CONFIDENTIAL DATA
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KASHKARI: NOT CLEAR WHAT A STABLECOIN CAN DO BEYOND WHAT VENMO AND SIMILAR SERVICES ALREADY OFFER
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NASDAQ DOWN 111.65 POINTS, OR 0.49 PERCENT, AT 22,641.99 AFTER MARKET OPEN
S&P 500 DOWN 24.06 POINTS, OR 0.35 PERCENT, AT 6,857.25 AFTER MARKET OPEN
DOW JONES DOWN 125.06 POINTS, OR 0.25 PERCENT, AT 49,537.60 AFTER MARKET OPEN
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S&P 500 DOWN 24.06 POINTS, OR 0.35 PERCENT, AT 6,857.25 AFTER MARKET OPEN
DOW JONES DOWN 125.06 POINTS, OR 0.25 PERCENT, AT 49,537.60 AFTER MARKET OPEN
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KASHKARI: U.S. IS STRUCTURALLY SHORT HOUSING; INTEREST RATES MAY BE PART OF THAT BUT SO ARE ZONING, MATERIAL AND LABOR COSTS
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KASHKARI: IF THERE ARE FEW WORKERS TO BUILD HOMES THEN AT THE MARGIN FEWER HOMES WILL BE BUILT
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KASHKARI SAYS DO NOT TAKE THE NATIONAL DEBT INTO ACCOUNT IN SETTING SHORT-TERM INTEREST RATES, THAT IS A FISCAL POLICY ISSUE
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