🇺🇸 LATEST: Fed Governor Stephen Miran says growing stablecoin demand could push down interest rates, predicting the market could hit $3 trillion in the next 5 years. https://t.co/TercUihJE3 ...

Fed Governor Miran calls stablecoins 'a force to be reckoned with' that could put downward pressure on interest rates https://t.co/t774DS4485 ...

Steve Leeman, our senior economics correspondent, joining us with that. What do we know here, Steve. >> Uh, interesting comments from Steven Myron, the new Fed governor who is on a leave of absence from the administration about stable coins and the potential effect on monetary policy.He calls stable coins could be the multi-mill trillion dollar elephant in the room for central banks. Stable coins, he says, uh, could reach 1 to3 trillion dollars by the end of the decade, the uptake of it that is. and stable ...

BlackRock executive Rick Rieder, who is among those being considered to succeed Federal Reserve Chair Jerome Powell, said the labor market is softening and interest rates should be lowered to 3% https://t.co/nE18duphUa ...

Federal Reserve Vice Chair Philip Jefferson said the US central bank should move cautiously given that interest rates had been lowered closer to a neutral level https://t.co/I7lbAVH4Fc ...

In a normal world, we would get the October jobs report tomorrow. We would find out how many people were hired, laid off, and out of work. This is crucial information for the Federal Reserve as it weighs what to do with interest rates, but also for everyday Americans who are looking for work, for businesses who are trying to plan ahead.But with a government shutdown, we are flying blind without any official government hard data. and it has led us to rely on reports from private firms like Challenger. It est ...

No, I think the president has made clear that he believes in Fed independence. He's also made it clear that he's going to speak his mind freely. Maybe some of us wish he did a little bit less of that, but you know, we'll see who he picks as Fed chair.I think it will be remain independent. But but every president, I can't imagine any president ever thinking to himself or saying publicly, I want higher interest rates. Even though sometimes that's the better thing for the long-term healthy economy. It's almost ...

In oral arguments yesterday about whether the president has legal authorities to issue tariffs under emergency economic powers, the Supreme Court justices seemed to express some skepticism about the administration's arguments, even some of the most conservative justices on the bench. What was your reaction to those arguments. Are the tariffs in danger.Well, I mean certainly the court asked a lot of questions and the president has worked incredibly hard to address what clearly is an emergency situation with ...

Governor Myron, thank you so much for sitting down with me. It is great to have you on the program. >> Thanks for having me.>> We've gotten a new reading this morning on private sector job growth and uh we're seeing that job growth swung positive in October to 42,000 from negative 29,000. A lot of that job growth coming from larger companies as opposed to midsize and smaller companies. How are you looking at this report.Given that we don't have official government data, how is it informing your outlook for ...

Federal Reserve Governor Stephen Miran on Wednesday described data that showed employment at US companies increased in October as “a welcome surprise,” though he reiterated interest rates need to be lower https://t.co/FgXF2BVrdR ...