Fed Bullard Says Cryptocurrencies Won’t Win the Global Currency Competition

Fed Bullard Says Cryptocurrencies Won’t Win the Global Currency Competition

Speaking at an annual meeting in New York on Friday, St. Louis Fed President James Bullard says he views cryptocurrencies as new entrants into the ongoing global currency competition. But he doesn’t believe consumers or businesses will want them because of their volatility. “Cryptocurrencies are creating drift toward a non-uniform currency in the US, a […]

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