💥FED Chair Jerome Powell Spoke About Cryptocurrencies
Bitcoin Price Reacted!
In his statements at the Chicago Economic Club, FED Chair Jerome Powell also mentioned cryptocurrencies, causing an increase in Bitcoin price volatility.
Here are the remarks of FED Chair Jerome Powell regarding cryptocurrencies, stablecoins, and artificial intelligence:
Cryptocurrency is becoming increasingly widespread, and creating a legal framework for stablecoins is a good idea.
Stablecoins can have broad appeal, and consumer protection measures should be established.
A "partial relaxation" is expected in bank regulations regarding cryptocurrencies.
Artificial intelligence is one of two or three factors that could bring about profound changes to the economy, though predicting its ultimate impact is difficult.
Artificial intelligence is still in its infancy.