Summary: Chairman Jerome Powell has stated that the US Federal Reserve plans to recommend a Central Bank Digital Currency (CBDC) to Congress. According to Chairman Powell, a CBDC is a crucial financial innovation that will affect all Americans. The US Federal Reserve Chairman, Jerome Powell, has said that the central bank is looking into recommending to Congress how to go about launching a Central Bank Digital Currency (CBDC). Chairman Powell shared his insights into a potential CBDC in the United […]
