Central Bank To Recommend How To Advance With A Cbdc Says Fed Chairman Powell

Last updated: June 10, 2025, 07:09

Central Bank To Recommend How To Advance With A Cbdc Says Fed Chairman Powell

Lawmaker Says Fed Pursuing CBDC Despite Publicly

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Central Bank To Recommend How to Advance With a CBDC, Says

Fed Chairman Jerome Powell stated

Expanding direct access to central bank money in the U.S. would require legislative changes, especially for non-banks, and is a policy choice not unique to the decision

Fed Chairman Jerome Powell stated that the central bank of the US is planning to recommend to Congress how to move forward with a CBDC. Powell was questioned about the Federal Reserve’s further steps regarding a potential Central Bank Digital Currency

Fed Chair Jerome Powell confirmed the U.S. will not create a central bank digital currency under his leadership. Powell emphasized that launching a CBDC would

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