Crypto
Jackson Hole Symposium Marks New Era Under Warsh with Focus on Financial Innovation
Kansas City Fed President Jeffrey Schmid recently sat down with Bloomberg's Odd Lots podcast to preview the Jackson Hole Economic Policy Symposium.
The symposium, which runs from August 27 to August 29, marks a significant transition as it is the first under new Fed Chair Kevin Warsh.
Schmid described current price pressures as 'too hot,' with inflation still running above the Fed's 2% target.
The symposium's theme, 'Financial Innovation: Implications for Payments and Policy,' highlights the Fed's attention to how technology is reshaping the financial system, particularly in payment technologies like stablecoins and blockchain.