Regulation, supervision, obligations and requirements must make them extremely nervous. But the wellbeing of society depends on rules. The public demands cybersecurity, data privacy, consumer protection and financial stability. FinTechs should not brush aside the concerns of 2/4  BIS central bankers' speeches  their stakeholders. Business can only flourish if it is broadly accepted by citizens.
3 This estimate of the neutral real federal funds rate is based on the difference between the medians of the  longer-run projections for the federal funds rate and inflation submitted by individual FOMC participants for the December 2016 FOMC meeting. The most recent Summary of Economic Projections, an addendum to the minutes of that meeting, is available on the Board’s website at www.federalreserve.gov/monetarypolicy/fomcminutes20161214ep.htm.