Fed

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

The official announcement didn’t mention Barr’s background with the financial industry, which also included a stint at financial-technology platform Lending Club. Barr was hired in 2015 on the board of Ripple Labs, when he said that he thought “innovation in payments can help make the financial system safer, reduce cost, and improve access and efficiency …

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Fed releases new research on risk and promise of stablecoins

Fed releases new research on risk and promise of stablecoins

The Federal Reserve released a new research report on stablecoins today, noting the risks and potential of the emerging digital assets. In the report, researchers Gordon Liao and John Caramichael examine the current stablecoin ecosystem and the impact of stablecoins on credit intermediation and the central bank balance sheet. The paper identifies potential threats to …

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US Fed on Digital Dollar - 'More important to do this right than to do it fast'

US Fed on Digital Dollar – ‘More important to do this right than to do it fast’

Countries around the world are scrambling to launch their CBDC projects as cryptocurrencies continue to become part and parcel of the financial system. The United States Federal Reserve seems to be in no rush, however, with the same sentiment shared by Jerome Powell during a recent press conference. Right now, the Fed is working on …

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Fed researchers survey past literature on central bank digital currencies and highlight current issues

Fed researchers survey past literature on central bank digital currencies and highlight current issues

Researchers from the U.S. Federal Reserve published a deep-dive into the past literature on central bank digital currencies on Monday — while also laying out critical considerations for the future of such initiatives.  With a wholly digital dollar — whether from a private entity, the Fed itself or a mix of the two — potentially …

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The Interchange: Could Fed insecurities push FedNow to beat digital dollars to the punch?

Quick Take The Fed is behind the ball on real-time payments solutions relative to other advanced economies The door is still open in the U.S. for stablecoins and so-called digital dollars to offer improved payment capabilities, but that assumes ubiquitous real-time payments isn’t already readily available Originally slated for a 2023/2024 roll-out, Fed Governor Brainard …

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Congressman calls for more transparency from the Fed on central bank digital currency work

Congressman calls for more transparency from the Fed on central bank digital currency work

U.S. Representative Tom Emmer said Thursday that the U.S. Federal Reserve should be more open about its research and development efforts focused on a central bank digital currency, or CBDC. Emmer’s comments came during an appearance of the House Financial Services Committee’s The Task Force on Financial Technology, which met to discuss topics like the …

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Fed Officials See Anemic Inflation Despite Trillion-Dollar Money Injections

Fed Officials See Anemic Inflation Despite Trillion-Dollar Money Injections

Federal Reserve officials see U.S. inflation as likely to stay below 2% over the next three years, based on a new summary of economic predictions released Wednesday by the central bank. Prices for personal consumption expenditures are expected to climb just 1% this year, down from a December projection of 1.9%, according to the document. Inflation …

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