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Fed Chair Powell Provides Update on US Central Bank Digital Currency

Fed Chair Powell Provides Update on US Central Bank Digital CurrencyFederal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that “policy issues are equally important.” Fed Chair Powell on CBDC Progress During a hearing […]

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Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’

Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. “I think that’s one of the stronger arguments in its favor,” he said. The Fed chair also insists that the U.S. is not in danger of losing its reserve currency status. Fed Chair Powell Thinks Cryptocurrencies […]

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