shawn on Nostr: The lols will continue until the Fed is irrelevant. "I caution against solutions that ...
The lols will continue until the Fed is irrelevant.
"I caution against solutions that could disrupt and disintermediate the banking system, potentially harming consumers and contributing to broader financial stability risks. And, where the activity happens outside the regulatory perimeter, consumers would be left without the adequate protections that our regulated and supervised banks provide today in the United States."
https://www.federalreserve.gov/newsevents/speech/bowman20231017a.htm
"I caution against solutions that could disrupt and disintermediate the banking system, potentially harming consumers and contributing to broader financial stability risks. And, where the activity happens outside the regulatory perimeter, consumers would be left without the adequate protections that our regulated and supervised banks provide today in the United States."
https://www.federalreserve.gov/newsevents/speech/bowman20231017a.htm