Fed Chair Yellen: Blockchain is an 'Important Technology'
Blockchain is an "important technology" given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today. Yellen gave a speech at the Commonwealth Club, a US public affairs forum, and later took part in a question-and-answer session with club board chair George Scalise. At one point, Scalise asked Yellen whether the Federal Reserve – which released its first major research paper on distributed ledgers in December – was looking at using the tech for its own purposes. Here’s what Yellen had to say in response: "[Blockchain] is a very....
Related News
At the Commonwealth Club in San Francisco, the Federal Reserve Chair Janet Yellen discussed a variety of economic issues and financial solutions to lead the United States economy in coming years. Among the many topics that were brought up, Yellen emphasized the importance of Blockchain and hinted that the Fed is exploring the potential of the technology. Ed Wasserman, Dean of the Graduate School of Journalism at UC Berkeley and the event moderator, led the interview with Yellen to address various technological solutions that have the capacity of drastically improving the current financial....
Former Fed Chair Janet Yellen is expected to be tapped to run the Treasury Department, where she would oversee federal agencies that impact crypto.
On the 6th January Janet Yellen was approved to become the chair of the Federal Reserve. The candidate offered and approved by president Obama and his administration received 56 votes from the senators, leaving the opposition with humble and not crucial 26. Most of her opponents are Republicans, but the Senate is controlled by the Democrats supporting the choice. The most dissatisfied proved to be the Senators from the state Texas - Ted Cruz and John Cornyn. Both have criticized Yellen back in October, when she first was named as a potential personality for the job. On the 9th October Sen.....
A recent event in Washington attended by representatives from over 90 central banks had Federal Reserve Chairwoman Janet Yellen encourage her counterparts to study emerging technologies, specifically mentioning bitcoin and the blockchain. The Federal Reserve Annual Meeting, a three-day event hosted by the Federal Reserve, World Bank, and the IMF in Washington had a notable attendee this year in the Chamber of Digital Commerce (CDC). The group represents the blockchain industry and is the world’s largest trade association in the space. This year’s gathering specifically focused on financial....
Janet Yellen Source: United States Federal Reservce. In response to a letter sent yesterday from West Virginia Senator Joe Manchin [D] (which warned that Bitcoin could be used by criminals and could also disrupt the U. S. economy), Chair of the Board of Governors of the Federal Reserve System Janet Yellen has responded: and the long and short of it is that the Federal Reserve can't really do anything about it. "Bitcoin is a payment innovation that's taking place outside the banking industry. To the best of my knowledge there's no intersection at all, in any way, between Bitcoin and banks....