Lael Brainard is a member of the U.S. Federal Reserve's Board of Governors
There was not a notification issued on here speech - but there is nothing on the economy nor policy, so not biggie
Comments on crypto, though:
- Says cryptocurrencies highlight powerful technologies, pose serious challenges
- Says bitcoin price swings limit its use as money
- cryptocurrencies need better security
- cryptocurrencies are vulnerable to money laundering
- cryptocurrencies currently do not pose financial stability threat, will continue to monitor
- central bank digital currencies face technical, operational challenges
- there is no compelling need for a fed-issued digital currency
- there may be value in digital currencies for restricted use, such as bank-to-bank transactions
- technology underlying digital currencies holds promise for streamlining payments
(Headlines via Reuters)
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