Jerome Powell actually said...

We believe that it would be appropriate to have quite a robust Federal role in what happens with stablecoins going forward.

Powell advocates for a strong federal role in regulating stablecoins.

06/20/2023

More Jerome Powell Quotes

I think we need to be concerned with fiscal sustainability over the long term.

Adding $1.5 trillion to the deficit would make a bad situation worse.

Any kind of discrimination by race or gender or any other unfair basis in lending is completely unacceptable.

We are strong believers in this tool, including for institutions of $100 to $250 billion.