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 conscionable opening to contemplate the instauration of a cardinal slope integer currency (CBDC). Powell Assures No Direct Fed Accounts successful CBDC Plans, Seeks Congressional Go-Ahead In his speech with the Senate Banking Committee, Fed Chair Jerome Powell explored the […]