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Category Christopher Waller

A ‘Skinny’ Fed Master Account Could Bring Back Narrow Banking

A ‘Skinny’ Fed Master Account Could Bring Back Narrow Banking

Fed Governor Chris Waller’s payments account proposal would let the private sector innovate at the front end and keep the Fed as the trusted settle...
Gov. Waller: U.S. Fed to 'Embrace Disruption,' Pitches 'Skinny' Master Account Idea

Gov. Waller: U.S. Fed to 'Embrace Disruption,' Pitches 'Skinny' Master Account Idea

At its first event on payment innovations, the Federal Reserve's Christopher Waller suggested a compromise over the crypto world's "master account"...
Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revol...
Fed Interest Rate Steady At 5.25%-5.50%, High Odds For September Reduction

Fed Interest Rate Steady At 5.25%-5.50%, High Odds For September Reduction

The Fed interest rate remains at 5.25%-5.50% as of July 2024, with cuts likely soon. The Fed aims to balance inflation control without causing a re...
BRICS: Fed Governor Raises Concerns Over De-Dollarization

BRICS: Fed Governor Raises Concerns Over De-Dollarization

In a first, Fed Governor Christopher Waller raised concerns over the de-dollarization agenda initiated by BRICS. The BRICS…