On the recordFebruary 14, 2022
It cannot be underscored enough how important chips are in day-to-day American life.
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congress.govIt cannot be underscored enough how important chips are in day-to-day American life.
Emphasizing the significance of semiconductor chips in the economy.
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If we have liquidity challenges, if the depths of our markets all of a sudden are impaired, the ability of the financial system to respond to large shocks is severely diminished.
And I think relationship banking only has proven throughout our entire history to have enormous problems.
Quality of reserves, liquidity, transparency, redemption rights, these are the sorts of things we should be talking about when we are talking about well-regulated stablecoins.