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Bloomberg
  • 20 hours ago
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00:00I'm less concerned about this with monetary policy.
00:03I don't know of any conversation I've had at the FOMC where we were thinking about interest rate policy
00:08and we said, well, what's the currency growth?
00:13Currency is a payment instrument.
00:14It's a way that reserves get depleted out of the banking system.
00:18We never sit and talk about it.
00:19We never hear about it.
00:21Though I don't think of stable coins as any more dangerous than thinking about currency.
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