US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036.
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US vice president gathers top tech CEOs to discuss dangers of AI
Vice President Harris gathered the heads of several AI development firms to discuss potential risks posed by the budding technology.
Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi," said Caroline Hill.
Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.
Republican lawmakers call for answers on digital dollar from Fed vice chair
The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress.
US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier
Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official.
Biden's pick for Fed vice chair for supervision calls for congressional action on stablecoins
Fed nominee Michael Barr said that the government agency potentially releasing a central bank digital currency was an issue that required “a lot more thought and study."
President Biden announces former Ripple adviser as pick for Fed vice chair for supervision
The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021.
Biden's pick for Fed vice chair for supervision withdraws amid Republican objections
“We are witnessing a drive to make financial risk a tawdry political issue," said Sarah Bloom Raskin.
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
According to the U.S. President, the three nominees have the “experience, judgment and integrity to lead the Federal Reserve and to help build our economy back better for working families.”