Federal Reserve Chair Jerome Powell Says U.S. Government Looking Into Own Digital Currency
Powell said that the Federal Reserve would be publishing a discussion paper sometime during the summer of 2021 that would focus on the possible creation of a central digital bank currency (CDBC). He said that the move was “the beginning of what will be a thoughtful and deliberative process.” “Today we are in the midst of a technological revolution that is fundamentally changing our world, reshaping how we communicate, access information and purchase goods and services,” Powell said in a video message....