The FOMC July minutes have been released. In the minutes, opinions were also exchanged on the content and future of digital assets and stablecoins.
Chairman of the US Federal Reserve (FED) Jerome Powell Minutes of the July 2022 meeting of the Federal Open Market Committee (FOMC) convened under the leadership of 17 August was shared with the public.
The main agenda of the meeting is gradually accelerating. fight global inflation and interest rates even though stablecoins and the fate of digital assets was also discussed.
On inflation, core inflation completed the summit FOMC members who think less than rate hikes await.
Post-pandemic at the meeting decreased risk appetite in digital asset markets sharp drops reported to have been seen. Board, digital assets of the variable nature underlined. In addition, despite the accelerated rise of the stablecoin market, which has been growing rapidly recently, it is still Vulnerability and uncertain direction to financial operations was brought up.
Although the Board draws great attention to the risks of digital assets, in the final analysis, the potential risks of digital assets are greater than any other investment vehicle. when it’s not so different We agreed. However, noting the recent decline in the digital asset market, cryptoassets are in a solid position before they can be further integrated into traditional financial markets. regulatory framework of the creation will limit systemic risks They also agreed on the issue.