Crypto Listed on Fed's Jackson Hole Agenda
The Kansas City Fed named cryptocurrencies and stablecoins in the official brief for this year's Jackson Hole symposium. In 48 earlier editions, no agenda had made private digital money the subject of the meeting.
The 49th symposium runs August 27 to 29 in Wyoming. Federal Reserve Chair Kevin Warsh gives his opening remarks Friday morning. The theme is financial innovation and what it does to payments and policy.
What the Jackson Hole crypto agenda actually says
The announcement listed cryptocurrencies and stablecoins beside instant payments. The brief then framed the week around the future of currency, banking, and how policy gets carried out.
The program follows that brief. Six papers and three panels cover payments, tokens, and banks. Two Friday names show what the room is really for:
- Darrell Duffie of Stanford University presents the paper on tokenized finance.
His discussant is Isabel Schnabel of the European Central Bank. She spent June telling central bankers that stablecoins are now their problem.
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