Fed Chair Powell Says Central Bank Needs ‘Robust’ Role Overseeing U.S. Stablecoins

2023-6-22 18:22

Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.

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Fed Chair Jerome Powell Says Inflation Objective of 2% is Subjective, Crypto Has Store of Value Uses

The chairman of the U. S. Federal Reserve (FED), Jerome Powell, answered some questions regarding regulations, inflation in the US, Bitcoin (BTC) and more. Rep. Warren Davidson from Ohio, started by asking Powell whether he believes regulatory clarity in the space could foster innovation in the cryptocurrency market.

2019-2-28 02:20