News list for "San Francisco Federal Reserve"
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not gold, and were complex and not ready to become "money".
Mr. Daley, president of the San Francisco Fed, said cryptocurrencies should be treated as a separate asset class, not confused with gold as is often the case, and were complex and not yet ready to become "money". "I think cryptocurrency is a complicated thing, and the service we need to provide for everyone is to really decipher what it means, and once we do that, we can define it," Daly said.
Daly, chairperson of the San Francisco Federal Reserve Bank of the 2024 FOMC voting committee, said in a speech that the Federal Reserve's mission and risks are being balanced, and it is open to cutting interest rates at its upcoming (September) meeting. Mr. Daly said: "The underlying numbers in the July jobs report provide some reason for confidence that we are slowing, but not collapsing. I don't think the weakness in the labour market will intensify now and will be watching closely to see if ...
