Fed's Bostic a cryptocurrency doubter

Author: Greg Michalowski | Category: Central Banks

Answers audience question.

  • Sees problems with using cryptocurrencies for transactions as a result of sharp valuation changes
He also says:
  • Sees little policy impact from Fed balance sheet unwind.
  • We are in uncharted territory to a great extent and we're going to watch very closely to see if there are signs as we pulled back more and more from the marketplace
  • we are seeing a demand for US securities actually go up in ways that are going to flatten the yield curve significantly
  • That is different from making a read on broader economic performance
It is curious that Bostic comments on the yield curve not in context of a recession/boom perspective.