#JeromePowell on #cryptocurrency

#Crypto is becoming more mainstream, & a #legal framework for #stablecoins is a good idea

Stablecoins could have wide appeal, & *should* have #ConsumerProtections!

There will be some loosening of rules to allow innovation, but it needs to be done in ways that does not make banks less safe & sound

#US #economy #Trump #policy #Fed #US #law #regulation #currency #inflation #tariffs #recession