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#Vaulta Vaulta, a scalable operating system for Web3 banking, this week announced a strategic partnership with Virgo, a digital asset service provider, to launch VirgoPay, a dedicated cross-border remittance network that uses stablecoins to both reduce transfer fees and decrease transfer times for international wire transfers and payments. The partnership will make Vaulta the default transaction and settlement layer for VirgoPay, which is set to launch in May and become a critical part of Vaulta’s Web3 Banking vision. VirgoPay will benefit from the near-instant finality of the Vaulta blockchain, ensuring the security, speed, and reliability of the payment network surpasses that of more traditional payment rail experiences.
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#DiversifyYourAssets Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at the Society for Advancing Business Editing and Writing Annual Conference in Arlington, Virginia Thank you for having me here today. Monetary policy is more effective when the public understands what we are doing and why. Through your work, journalists like you help promote that greater understanding. I am sure this room full of reporters does not lack for questions to ask. Before addressing a few of those, I will briefly summarize the outlook for the economy and monetary policy.
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#DiversifyYourAssets Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at the Society for Advancing Business Editing and Writing Annual Conference in Arlington, Virginia Thank you for having me here today. Monetary policy is more effective when the public understands what we are doing and why. Through your work, journalists like you help promote that greater understanding. I am sure this room full of reporters does not lack for questions to ask. Before addressing a few of those, I will briefly summarize the outlook for the economy and monetary policy.
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#PowellRemarks After a couple of years of solid growth, many forecasters have anticipated somewhat slower growth this year. The initial reading for first-quarter GDP will be released later this month. The limited hard data are consistent with a slower but still solid growth outlook. At the same time, surveys of households and businesses report dimming expectations and higher uncertainty about the outlook. Survey respondents point to the effects of new federal policies, especially related to trade. We are closely watching this tension between the hard and soft data. As the new policies and their likely economic effects become clearer, we will have a better sense of their implications for the economy and for monetary policy.
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