Philadelphia Fed Chief: Bitcoin Has Yet to Be Tested Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve's influence on the U.S. economy.
That's according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions that today comprise the U.S. central banking system.
But while some have worried that the rise of a cryptocurrency would make it harder for the Fed to manage the rate of inflation, Harker showed that he isn't concerned about the prospect.
https://www.coindesk.com/philadelphia-fed-chief-bitcoin-yet-tested/
