I certainly think that in a world of appropriate regulation, where the stablecoin activity gets the same regulation as comparable products in different places, then there certainly could be a place for stablecoins in our financial services sector.
Powell supports regulated stablecoins in the financial sector.
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Part of that is due to the start-stop nature of the tariffs that have been introduced.
What keeps me awake at night is how do we get that done? I want to hand over to my successor an economy in good shape, and so do all of my colleagues, that's all we ever want.
without the ability to pay interest on reserves, the Fed would lose control over rates
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