Powell: Stablecoin industry has matured, become more mainstream

Trump Reveals He Knows the Fed Pick From a Small Group of Three or Four People. TRUMP: BEGUN INTERVIEWING NEXT CANDIDATES FOR FED PICK TRUMP ON POWELL: "I THINK HE IS A VERY STUPID PERSON ACTUALLY"

Fed's Powell: Changes to forecasts partly reflect trade policy effects. Fed's Powell: We don't consider federal debt in monetary policy decisions. POWELL: ENORMOUS BENEFITS OF HAVING DOLLAR THE GLOBAL RESERVE CURRENCY POWELL: DOLLAR REMAINS RESERVE CURRENCY, IT'S A DURABLE EQUILIBRIUM, EXPECT IT TO LAST FOR A LONG TIME TO COME POWELL: BOND MARKET FUNCTIONING WELL INFLATION EXPECTATIONS HAVE COME DOWN A BIT FROM APRIL ASKED ABOUT RECENT WEAKNESS IN DOLLAR, SAYS MARKETS HAVE BEEN DIGESTING AN UNUSUALLY CHALLENGING SET OF CIRCUMSTANCE POWELL: OPEN TO THE POSSIBILITY THAT TARIFFS TRANSLATING TO INFLATION WILL BE MORE, OR LESS THAN WE THINK

POWELL: ASKED ABOUT RISKS OF STAGFLATION, SAYS NOT SEEING THAT NOW STAGFLATION NOT THE BASE CASE IF THERE WERE STAGFLATION, WOULD PUT FED IN A HARD PLACE Fed's Powell: Future trade deals may allow the Fed to consider a cut.