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Athreya, director of research at the New York Fed, writing in Liberty Street Economics' Street Level series. Conference concerns are attributed to papers presented, and the deposit-shift worry is framed as a possibility the author raises.","excerpt":"Kartik B. Athreya is the director of research and head of the Research and Statistics Group at the Federal Reserve Bank of New York."},{"dimension":"summary","status":"pass","explanation":"The reading leads with the author's argument: judge payment innovations by whether they enable new or cheaper transactions and by how they change risk. It explains stablecoins in plain language and notes the taxpayer-support concern. Smart contracts and fiat currency are not defined, but neither prevents understanding the central argument. The question follows from the evidence.","excerpt":"it’s important to keep things in perspective by subjecting these technologies to a couple of tests."},{"dimension":"date","status":"pass","explanation":"The stated date, September 3, 2026, matches originalPublished and the post's dateline. The page was edited after publication (modified September 21, 2026). However, every cited passage sits in the main body of the post, not in an update note or sidebar. The related-stories list, including a 2026 Update piece, is not used. The reading has no hindsight framing, and the limitations note the later retrieval.","excerpt":"September 3, 2026\nJackson Hole: Exploring the Financial Frontier"},{"dimension":"support","status":"pass","explanation":"The claims are supported by the source text: the two tests, the stablecoin definition and instability, the cautionary conference papers, the deposit-shift concern, and the call for research to avoid shifting risk to the public. 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