Latest news with #BlockchainSymposium
Bloomberg
a day ago
- Business
- Bloomberg
Waller Says Fed Should Work With Industry on Payment Services
Federal Reserve Governor Christopher Waller called to embrace the 'technology-driven revolution' taking place in artificial intelligence and stablecoins as a way to boost the US economy, although some critics may be skeptical of all the hype. 'The technologies available today might be new, but leveraging innovative technology to build new payment services is not a new story,' Waller said in prepared remarks for the Wyoming Blockchain Symposium.
Bloomberg
2 days ago
- Business
- Bloomberg
Bowman Says ‘Change Is Coming' to How Fed Views AI and Crypto
Banks and regulators must embrace the benefits of new technologies such as artificial intelligence and crypto or risk diminishing their role in the economy, said US Federal Reserve Governor Michelle Bowman. 'Change is coming,' said Bowman, the central bank's top bank watchdog, in prepared remarks for the Wyoming Blockchain Symposium. Ideally, regulators will allow new uses to 'proliferate in a way that benefits the banking system,' she said. 'If this is not our approach, then we risk the banking system becoming less relevant to consumers, businesses and the overall economy.'
