Is the Federal Reserve Keeping Its Blockchain Plan Close to the Chest?
On 5th December, the Federal Reserve released its much-awaited research paper on distributed ledgers. The paper, “Distributed Ledger Technology in Payments, Clearing and Settlement", came two months after Federal Reserve governor Lael Brainard remarked at the Institute of International Finance that the US central bank was "paying close attention" to the technology. The product of the input of 30 financial industry stakeholders, including government officials, experts from traditional finance and FinTech institutions and members of the industry consortia – the paper explored....
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The statement is in keeping with economists' expectations for the U.S. central bank to take no new monetary policy actions.
Federal Reserve governor Lael Brainard delivered a speech on blockchain today, remarking that the technology could have a major impact on the financial system. Brainard's speech, delivered to at the Institute of International Finance in Washington, D.C., represents what may be the US central bank’s strongest words on blockchain to date. She detailed developments from a Federal Reserve-guided working group that is focused on financial innovation, an effort that, in part, is looking at the question of using the tech in next-generation payment and settlement systems. At the same time,....
Hardly anyone ever expected to use the terms Federal Reserve and Bitcoin in the same sentence in a positive manner. As it turns out, the Fed has been quite open to Bitcoin and blockchain as of late, but there is still a lot of work to be done. On the first of June 2016, there was a fintech conference for central bankers at the Federal Reserve premises. With roughly 100 attendees from the central banking world, the topic eventually turned to Bitcoin and blockchain. While the crowd seemed very open to the idea, there is still a lack of understanding regarding the technology of blockchain.....
The Federal Reserve Governor Lael Brainard said the private central bank is looking at blockchain technology. The Fed Focuses In On Blockchain. The Federal Reserve has its eye on various blockchain technologies. Governor Lael Brainard spoke to guests at the Institute of International Finance in Washington, D.C. concerning the protocol under the hood of....
On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D. C. This meeting was historically held in secrecy until Bloomberg News "won" a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is "composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction..." according to the Federal Reserve in....