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Kevin Warsh: The Federal Reserve Is Reluctant to Bail Out Cryptocurrencies or Stablecoins
Svmuu News: Federal Reserve Chairman Kevin Warsh stated at a House Financial Services Committee hearing on July 14 that the Fed has no intention of providing a bailout if a run occurs in the cryptocurrency or stablecoin markets. Warsh said the Fed does not wish to engage in bailout operations, including those involving cryptocurrencies. At its June meeting, the Federal Reserve kept its benchmark interest rate in the 3.5% to 3.75% range. Warsh also stated that the Federal Reserve has no room to tolerate persistently high inflation and pledged to restore price stability. (Bitcoin.com News).
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Source：Odaily · Source Link
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