Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is simply starting to ponder the introduction of a central financial institution digital foreign money (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Forward In his dialog with the Senate Banking Committee, Fed Chair Jerome Powell explored the […]

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