Former Coinbase CTO: Suggests replacing the Federal Reserve's interest rate decision-making power with a market order book mechanism

ChainCatcher news, Coinbase CEO Brian Armstrong stated on the X platform that the main reason for inflation is excessive money supply, believing that stopping money printing in the U.S. could lower interest rates and reactivate economic growth.

In response, former Coinbase CTO Balaji mentioned that the power to set interest rates could be completely transferred from the Federal Reserve to the market, and referred to Bitfinex, which has implemented a mechanism overseas to replace centralized decision-making by central banks with a market-driven interest rate order book.