Federal Reserve Vice Chair has stated that the central bank will not impede cryptocurrency adoption and innovation, asserting it will not influence the Fed’s monetary policy capabilities. During recent discussions, the Vice Chair emphasized the importance of innovation in the financial sector. He acknowledged the growing interest in cryptocurrencies while maintaining that the Federal Reserve will retain its primary role in monetary policy. The Vice Chair stressed that the emergence of digital currencies and related technologies should not alter the Fed’s overall functions or strategies. As the landscape of financial technology evolves, he reiterated the agency’s commitment to its established monetary policy objectives.
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