Christopher Waller

Are these things a threat to U.S.

monetary sovereignty?

No, they're going to expand it, I believe, in the same view that Besson has on this, which is stablecoins are going to broaden.

And it's going to be like a fixed exchange.

Countries that adopt it, it's like a fixed exchange rate system.

You are going to import U.S.

monetary policies.

So it's broadening the reach of U.S.

monetary policy to countries that use more stablecoins.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

I can no longer rule out rate hikes further down the road if inflation does not abate soon.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

I can no longer rule out rate hikes further down the road if inflation does not abate soon.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

I can no longer rule out rate hikes further down the road if inflation does not abate soon.

And that is especially true if measures of inflation expectations, some of which have risen lately, show signs of becoming unanchored.

If I believe inflation expectations start to become unanchored, I would not hesitate to support an increase.

in the target range for the federal funds rate.