Minneapolis Fed President Neel Kashkari just laid out his take on where the economy's headed, and it's surprisingly upbeat. He's painting a picture of solid growth momentum without any need to fire up the quantitative easing machine again. That matters because QE expectations tend to shake up risk asset markets, including crypto.

But here's where it gets interesting for anyone paying attention to market drivers: Kashkari's flagging housing supply as the real problem holding back the residential market. It's not about demand or rates—it's about buildings that simply don't exist. When Fed officials start zeroing in on specific structural issues like this, it tells you something about their policy priorities going forward.

On the Trump administration's potential mortgage bond purchases? Kashkari wasn't biting. Declined to comment entirely. That strategic silence probably means more careful consideration ahead, especially given how directly mortgage policy can influence broader financial conditions that eventually ripple into alternative asset markets.

The take-home: optimistic growth narrative, no immediate emergency interventions planned, but housing dynamics remain a key wildcard.