The U.S. is alone among G7 nations in not allowing nonbanks direct access to vital central bank payments rails. It's past time for regulations to catch up with clear consumer preferences.
President-elect Donald Trump has expressed support for the bitcoin idea, which some economists see as inflationary and costly, depending on its implementation.
The move by Federal Reserve's preferred inflation gauge further from the central bank's target might not matter all that much, given the expected emphasis on taxes and tariffs in 2025. At least that's ...
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