Federal Reserve Chairman Powell may mention digital assets in a House panel meeting

2022/03/02 02:13

Federal Reserve Chairman Powell is scheduled to attend a House panel meeting on Wednesday and a Senate committee on Thursday to announce a semi-annual monetary policy update. The memo for Wednesday’s hearing, prepared by the staff of the House Financial Services Committee, referred to the Financial Stability Oversight Committee’s (FSOC) December annual report, emphasizing the “rapid growth of cryptocurrencies and stablecoins in 2021.” One concern is the potential “spillover” from price volatility and speculation among these digital assets.
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