Fed’s Barkin warns AI-driven investments may fuel inflation, stablecoins eyed for payments

Federal Reserve official Thomas Barkin emphasized that inflation remains the primary risk for the US central bank and highlighted the importance of a gradual approach in monetary policy. Speaking on current economic conditions, Barkin underscored the continued significance of inflation risks, as well as the impact of new technologies like artificial intelligence (AI) on both markets and inflation trends. Barkin, who serves as president of the Federal Reserve Bank of Richmond, stated that the stance of monetary policy is now close to a neutral level. However, he believes the main issue is the pace at which policy adjustments are made.

Source: CoinTurk News