From @WSJopinion: Presidential control of monetary policy would be a threat to financial stability and American prosperity. Congress must step up to protect its own authority, write Phil Gramm and Jeb Hensarling. https://t.co/YLfcaIp4fj ...

🇨🇳 LATEST: China’s former central bank governor Zhou Xiaochuan warns against stablecoin adoption, warning they could undermine financial stability, per Bloomberg.Zhou argues China’s existing retail payment systems are already "highly efficient and low-cost”. https://t.co/dKbDAr0E5r ...

According to Bloomberg, former People’s Bank of China Governor Zhou Xiaochuan warned that stablecoins could fuel speculation and undermine financial stability. He noted that stablecoins offer limited cost advantages compared to China’s existing retail payment systems and added that claims of “extremely high” traditional cross-border payment costs may be exaggerated.https://t.co/pWrEGlKLoR ...

Time now for a very special interview with New York Fed President John Williams. For that, we want to head over to Steve Leeman. Mr.. Leeman, Andrew, thanks very much. I am here at the New York Federal Reserve Bank with New York Fed President John Williams and I want to make a note to viewers that obviously there's a lot of things happening with the Federal Reserve. These things are scheduled pretty well in advance.So, John, thanks for joining us. Um, >> Steve, welcome back to the >> Yes, it's always great ...

There are three categories of issues that should be distinguished when we talk about Fed independence. The first is monetary policy setting the interest rate, deciding how much fuel's going to be given to the economy versus restraint for inflation. History teaches that the Fed should be autonomous and independent there, and that when the political process gets in their way, the result is more inflation, less economic stability and ultimately higher interest rates.That lesson is clear and needs to be insiste ...

Federal Reserve Assessment - The speaker suggests examining the entire Federal Reserve institution to assess its success [1] - The speaker questions whether the Federal Reserve has succeeded in its mission, drawing a parallel to the FAA and suggesting a need to investigate mistakes [2] - The speaker criticizes the Federal Reserve for not being able to break out of a certain mindset, questioning the work of its PhD economists [3] Monetary Policy & Regulation - The Federal Reserve deals with monetary policy, regulations, and financial stability [2] - The speaker is scheduled to be the keynote speaker at a regulatory conference, discussing regulation [1] - The speaker notes that despite fear-mongering over tariffs, there has been very little, if any, inflation, and that inflation numbers have been great [2][3]

RT Sander Lutz (@s_lutz95)🚨NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria:“1. Protecting our bedrock securities laws;2. Providing basic investor protections;3. Preserving our financial stability;4. Requiring crypto actors to implement commonsense anti-money laundering and sanctions enforcement programs; and5. Stopping public ...

RT nftimm (@nftimm)Had a pretty emotional moment driving with my 10-year-old son today.We were on our way to our new house in the countryside — a house where he finally gets his own bedroom after years of sharing with his sister… after a season when we had to move back in with my parents because we couldn’t afford rent.As we pulled into the driveway — big back garden, double garage, more bedrooms and living spaces than we ever dreamed of — in our new car (not the old battered one that used to break down on ...