He worries that closer ties between DeFi and traditional banking might result in a greater impact to businesses and consumers the next time there's a meltdown in crypto markets.

$4.6 trillion is currently sitting in U.S. money-market mutual funds, with another $150 billion in ultra-short bond funds.

The outlook provides a snapshot of the synchronized shock stemming from Russia's attack on Ukraine and the ensuing energy crunch that has inflicted a widespread cost-of-living crisis.

"It's fair to say that the demand outlook for trans-Pacific and container shipping generally is receding quickly."

Although disputed transactions represent around 0.06% of Zelle's 5 billion transactions, lawmakers slammed the platform for being unsafe and for refusing to take responsibility when consumers send money to scammers.

Earlier this year, the department told retirement plan sponsors they could face an "investigative program" if they allowed digital currencies in their workplace plans.

Many expect the Fed to raise rates "until something breaks, and nothing has broken yet."

"We have got to get inflation behind us. I wish there were a painless way to do that. There isn't."