Fed's Cook: Need To Understand Innovations at Early Stages -- Market Talk

Dow Jones03-27 04:02

1602 ET - Fed governor Lisa Cook says the U.S. financial system needs to understand innovations at early stages to see the system's trajectory, in a speech on financial stability. She said The Committee on Financial Stability and the Board's staff monitor financial and technological innovations that are in early stages of development, including digital assets and the use of artificial intelligence. "We have also observed innovations that have brought unintended consequences, and we need to stay abreast of potential risks in order to better understand where guardrails and industry engagement might be helpful," a published text of her remarks says. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 16:02 ET (20:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment