Federal Reserve


Policy

Fed Research Finds Private Digital Currencies Can Be 'Attractive Cash Alternative' for Firms

The Richmond Fed looks at if and when it may be beneficial for firms to issue a digital currency in a new brief.

Federal Reserve building

Videos

Brian Brooks: 'Bad Idea to Politicize the Banking System'

During a 1:1 discussion at Consensus 2021, former Acting Comptroller of the Currency Brian Brooks, now CEO of Binance.US, emphasized the idea of a bank that is "custodying fine art collections or rare wines gets access to the Fed but a bank that is custodying crypto private keys can’t" has no justification outside of political ideology.

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Finance

Binance.US CEO Brian Brooks: Excluding Crypto Banks From Fed System Is ‘Dangerous’

Brooks had some choice words for U.S. policymakers in an appearance Thursday at Consensus 2021.

Binance.US CEO Brian Brooks

Videos

Larry Summers: I Think We’re Taking Very Substantial Risks on the Inflation Side

Speaking at Consensus 2021, former Treasury Secretary Larry Summers said current fiscal stimulus policy and actions by the Federal Reserve are contributing to an environment of substantial inflation risk.

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Markets

Lawrence Summers on Inflation: Fed ‘Will Only Remove the Punch Bowl After It Sees People Staggering Around Drunk’

“I think policy is rather overdoing it,” the former U.S. Treasury secretary said at Consensus 2021.

Larry Summers, the former U.S. Treasury Secretary

Videos

Fed's Brainard Says Global Growth of CBDCs Highlights Need for US to Develop Standards

Speaking at CoinDesk's Consensus 2021, Federal Reserve Governor Dr. Lael Brainard says the design of any central bank digital currency (CBDC) like a digital dollar would need to safeguard household payments and prevent illicit activity.

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Markets

Fed's Brainard Breaks Down CBDC Policy Considerations, Sees Price Pressures Waning in the Future

The Federal Reserve governor discussed cryptocurrencies and a digital dollar at Consensus 2021.

Federal Reserve Governor Lael Brainard

Markets

OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto

"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.

OCC

Videos

"Bitcoin as Inflation Hedge? Former New York Fed Reserve Director on Inflation, FOMC Minutes and Digital Dollar "

"First Mover" talks to Cornerstone Macro's partner and former New York Federal Reserve Director Benson Durham about the inflation debate, the Fed's monetary policy and bitcoin as an inflation hedge ahead of the release of the latest Fed meeting minutes.

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Markets

About 80% of Central Banks Are Exploring CBDC Use Cases, Bison Trails Report Says

The potential launch of private cryptocurrencies such as the Facebook-backed Diem is motivating central banks to develop CBDCs, the report noted.

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