Federal Reserve (Fed) Bank of Minneapolis litecoin pricePresident Neel Kashkari spoke at the University of Montana on Monday. Kashkari said that the US central bank cannot stop short' on the inflation fight.

Key quotes

“The inflation rate is running around 3% and the Fed has to get back down to 2%.”

“Says the bank cannot 'stop short' on the inflation fight.”

“Says the labour market is not 'red hot' like it was 12 months ago but its still tight.”

Market reaction

The US Dollar Index (DXY) is trading 0.03% lower on the day at 104.10, as of writing.