Fed’s Logan Says Digital Money Could Affect Central Bank Operations

The Federal Reserve Bank of New York official responsible for managing the central bank’s balance sheet said private digital currencies could have notable effects on how monetary policy is conducted. and can lead to larger shifts in the size of central bank balance sheets.

Speaking on Thursday, Lorie Logan, who now manages the Fed’s $9 trillion Systematic Open Market Account and will become president of the Dallas Fed this summer, looked at things like Cryptocurrencies, including stablecoins and central bank digital currencies, can influence how the central bank sets monetary policy. Ms. Logan did not comment on the US monetary policy outlook and warned that her comments were general in nature and not limited to issues facing the Fed.

https://www.wsj.com/articles/feds-logan-says-digital-money-could-affect-central-bank-operations-11654185994?mod=pls_whats_news_us_business_f Fed’s Logan Says Digital Money Could Affect Central Bank Operations

Edmund DeMarche

USTimesPost.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimespost.com. The content will be deleted within 24 hours.

Related Articles

Back to top button