Jerome Powell, Interview: Banque de France Conference

A four-hour conference.  Powell attends via video, speaks about De-Fi, Stablecoins and CBDC. Total speaking time, about 15 minutes. Transcript not available.

“I do think that the monetary policy normalization that we’re seeing all over the world, all it did was simply reveal what we’ve long pointed out as significant structural issues in the De-Fi ecosystem and conflict of interest.  All of those things have been revealed and in effect, the tide has gone out … really the question is that within the De-Fi ecosystem there are these very significant structural issues around transparency, lack of transparency … there’s a real need for more appropriate regulation so that as De-Fi expands and starts to touch more and more retail customers … so there’s appropriate regulation in place.”