Jerome Powell: “I would agree that the more direct route would be to appropriately regulate stablecoins.”

We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

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.

I would agree that climate is the biggest risk.

without the ability to pay interest on reserves, the Fed would lose control over rates