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Fed spokesman Neel Kashkari called for holding interest rates for an "extended" period of time, saying that lowering borrowing costs before inflation is brought under control would jeopardise the foundations of US prosperity. The Minneapolis Fed president also said Americans' "intrinsic" hatred of inflation means some people would prefer a recession to a price hike. $BTC

Fed spokesman Neel Kashkari called for holding interest rates for an "extended" period of time, saying that lowering borrowing costs before inflation is brought under control would jeopardise the foundations of US prosperity.

The Minneapolis Fed president also said Americans' "intrinsic" hatred of inflation means some people would prefer a recession to a price hike. $BTC

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