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A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday. Original Source
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Michael Barr, a former Ripple adviser nominated by President Joe Biden to run the Federal Reserve’s oversight of the U.S. financial sector, sees cryptocurrency technology offering “some potential for upside and also some significant risks,” he said during a Senate hearing Thursday. While his time on the board of advisers
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Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. lawmakers to regulate stablecoins in an effort to address “financial stability risks.”In a confirmation hearing before the
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After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.In a 52–43 vote on the Senate floor on Tuesday, U.S.
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Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for supervision.In a Friday announcement, the White House said Barr was Biden’s
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Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.According to a Tuesday tweet from Washington Post journalist Seung Min Kim, Raskin sent a letter to U.S. President
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The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook and Philip Jefferson to fill two empty seats on its board of governors.In a Friday announcement, U.S. President Joe Biden
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U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve's vice chairman for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report. Source
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Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank
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U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years.Biden appears to have gone with the candidate who was better known to investors, while providing economic
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