News list for " Reserve Board of Governors"
Mr. Waller, the Fed governor, said he still saw no need for a US digital currency and that it was too early to assess the impact of new technologies on frictions in the payment system, but that the private sector was well placed to explore these developments. The Fed's role, which includes supporting innovation while managing risks to financial stability, aims to promote the efficiency and security of payment systems that benefit households, businesses and the economy as a whole.
Federal Reserve Governor Paul Waller said on Friday that the "time has come" to start a series of interest rate cuts this month, adding that he was open to the size and speed of the cuts. "If the data support a series of rate cuts, then I think a series of rate cuts is appropriate. If the data shows that a larger rate cut is needed, then I will also support it." Federal Reserve Chairperson Jerome Powell said at the annual meeting of global central banks two weeks ago that given the rise in infla...
