Minneapolis Fed president Kashkari weighs in on CBDC: ‘Handwaving word salad’

President of the Minneapolis Federal Reserve Bank, Neel Kashkari, participated in a fireside chat at the Minnesota Transportation Conference and Expo on May 15. While he spoke mostly about topics unrelated to cryptocurrency and blockchain, he gave a blunt assessment of central bank digital currencies (CBDCs) during the Q&A after his presentation.