Fed's Bullard makes no comments on monetary policy

St. Louis Federal Reserve Bank President James Bullard, in a prepared speech at the CoinDesk Consensus 2018 conference, said that the growth in bitcoin and other digital currencies is creating a “non-uniform” currency in the United States, which in the past has existed but failed. 

Additional quotes:

   •  Crypto may unwittingly be pushing in the wrong direction by facilitating market-based exchange.
   •  Consumers and businesses dislike non-uniform currency systems because they trade at different values in the same local market. 
   •  Government backing and stable monetary policy support a currency's reliability. 

Bullard, however, refrained from making any comments on the Fed's monetary policy outlook and thus, had a rather muted reaction in the markets, with the US Dollar maintaining its offered tone near the 92.25 region.