In 2010, Hoenig, nearing retirement at the time, was the sole voting member of the Federal Open Market Committee (FOMC) against long-term intervention. He worried that QE would eventually destabilize the economy and lead to inflation. That the Fed, by encouraging riskier lending by banks, would create asset bubbles.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...