Fed's Waller does not comment on Fed policy or the economy

Fed's Waller speaking

• He doesn't see it as the central banks job two compete directly with the banking system to drive down costs through a central bank digital currency
• still skeptical about the need for central bank digital currency given the real and rapid innovation taking place in payments
• regulations could include measures to ensure the stable can it reserve is maintained as advertised
• disagrees with the notion that the stable point issuance can or should only be conducted by banks simply because of the nature of the liability
• stable can and should not necessarily be subject to the full banking rulebook, which is geared in part toward lending activities not payments