Janet Yellen: Bitcoin Not Monetary Policy
on Thursday, November 5, 2015Janet Yellen Money Quotation saying cryptocurrency is not associated with federal reserve policy decisions. Janet Yellen said:
“We do not interpret bitcoin’s popularity as having a relationship with the public’s view of the Federal Reserve’s conduct of monetary policy” — Janet Yellen
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Janet Yellen is saying that Bitcoin is not associated with or related to the Federal Reserve’s decisions around monetary policy. The Federal Reserve is responsible for monetary policy in the United States, while Bitcoin is a decentralized cryptocurrency not controlled by any central bank.