Fed Governor Warns: Stablecoins Could Disrupt Monetary Policy by Lowering Neutral Interest Rates
Stablecoins are shaking the foundations of traditional finance—again. A Federal Reserve governor dropped a bombshell today, suggesting dollar-pegged cryptocurrencies might force central banks to rethink their playbooks.
The neutral rate—that Goldilocks zone where inflation and growth balance perfectly—could get knocked out of whack. And nobody's sure how deep the rabbit hole goes.
Wall Street analysts are scrambling to update models that never accounted for $150B in synthetic dollars sloshing through DeFi protocols. Meanwhile, the Fed's still using spreadsheets from 2018.
One thing's clear: when crypto moves, even the mighty dollar dances. The question is whether Jerome Powell's team will lead—or get dragged onto the floor kicking and screaming.
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This isn’t the first time YouTube TV subscribers have experienced a Disney blackout. In 2022, a similar dispute temporarily cut access to Disney channels, and affected users received a $15 credit as compensation.
Disney-YouTube TV Showdown Heads into Extra Time
On October 31, Disney removed its channels, including ESPN and ABC, from YouTube TV after the two companies failed to reach a new licensing agreement. The blackout has left millions of viewers frustrated, prompting YouTube TV to offer a $20 credit to affected subscribers. The credit can be applied to subscribers’ next billing statement.
For context, the dispute stems from Disney’s push for higher carriage fees, which YouTube TV claims are above market rates and would lead to higher prices for customers. While YouTube TV accuses Disney of demanding unfair terms, Disney argues that Google is using its size to pressure for below-standard deals.
Disney’s executives say they have proposed a deal to Google that WOULD cost less than their previous license and include flexible packages for sports, entertainment, and family content. Despite this, they claim YouTube TV is still demanding below-market terms and has made very few compromises.
In response, YouTube claims that Disney is using old tactics, like leaking information to the press, negotiating publicly through paid talent, and misrepresenting facts about the deals and proposals. YouTube says its team is ready for a fair agreement similar to what Disney offers other distributors and urges Disney to negotiate in the best interest of viewers. They also state that Disney is asking for rates higher than what Charter, DirecTV, Hulu, and Fubo pay for ABC Networks.
Is Disney a Good Stock to Buy Now?
Amid the chaos, DIS stock remains volatile and has traded down by 1.61% over the last 5 trading days. The company is also scheduled to announce its Q4 2025 results this week on November 13.
Ahead of the results, Wall Street analysts have a Strong Buy consensus rating on DIS stock based on 14 Buys and one Hold assigned in the past three months. Meanwhile, Disney’s average stock price target of $141.0 per share implies a 27% upside potential.
