{"id":433416,"date":"2026-07-09T20:21:30","date_gmt":"2026-07-09T13:21:30","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-williams-its-still-early-days-on-questions-involving-stablecoins-433416\/"},"modified":"2026-07-09T20:21:30","modified_gmt":"2026-07-09T13:21:30","slug":"feds-williams-its-still-early-days-on-questions-involving-stablecoins","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/feds-williams-its-still-early-days-on-questions-involving-stablecoins-433416\/","title":{"rendered":"Fed&#8217;s Williams: It&#8217;s still early days on questions involving stablecoins"},"content":{"rendered":"<div>\n<p>New York Fed President John Williams is out with some comments on stablecoins and crypto:<\/p>\n<ul>\n<li>Stablecoins are more about payments as opposed to stores of value<\/li>\n<li>Doesn&#8217;t see rising financial stability risks from stablecoins<\/li>\n<li>Doesn&#8217;t know yet how stablecoins will impact demand for reserves<\/li>\n<li>Fed&#8217;s ample reserves system is designed to be flexible, can respond to stablecoin impact<\/li>\n<\/ul>\n<p>Once again, Tether is one of the all-time great busienss models. You hold billions in US dollars, put them into Treasuries and collect the coupons while paying out zero per cent in interest. It&#8217;s risk free and infinitely scaleable. Everyone is now after that same sort of thing in every currency around the world.<\/p>\n<p>Meanwhile, bitcoin is holding its ground around $60K despite Strategy&#8217;s Michael Saylor selling and really gumming the whole thing up. Itw as last up $722 to $62.769.<\/p>\n<p>Now onto monetary policy:<\/p>\n<ul>\n<li>Fed is actively debating scenarios around inflation<\/li>\n<li>Fed Minutes captured a &#8216;collective reaction function&#8217;<\/li>\n<li>AI investment is a driver of inflation<\/li>\n<li>In the longer run, AI investment will be a positive supply shock<\/li>\n<li>Base case is a broader US of AI that boosts productivity<\/li>\n<li>We will get inflation back to 2%<\/li>\n<\/ul>\n<p>                            This article was written by flc97fe4880a4b454993821fe0b770a597 at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York Fed President John Williams is out with some comments on stablecoins and crypto: Stablecoins are more about payments as opposed to stores of value Doesn&#8217;t see rising financial stability risks&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433416","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433416"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}