Fed Chair Powell: Fed will never have a central bank digital currency
Federal Reserve Chair Jerome Powell testifies before The Committee on Banking, Housing, and Urban Affairs on The Semiannual Monetary Policy Report to the Congress.
Fed Chair Jerome Powell Says No US CBDC Under His Watch
Powell confirmed in a Senate Hearing on Tuesday that the U.S. won't issue a central bank digital currency or CBDC while he's in charge.
Fed Chair Jerome Powell Says No Way to a Central Bank Digital Currency (CBDC)
The Chairman of the US Federal Reserve, Jerome Powell, was testifying before the Senate Banking Committee today. While typically targeting the Fed's dual
Powell squashes the possibility that the Fed will develop its own digital currency
Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
A Digital Dollar From the Fed? Not On Jerome Powell's Watch
Federal Reserve Chair Jerome Powell said the central bank will not launch its own digital currency while he is in charge of the central bank.
Fed Chair Powell Vows No US CBDC During His Tenure
At his semiannual testimony, Fed Chair Powell confirmed that the US will not introduce a CBDC as long as he remains in charge. Fed Chair Jerome Powell said Tuesday that the US central bank will not develop a central bank digital currency (CBDC) during his tenure.
Almost a third of central banks delaying digital currency plans, report shows
Nearly a third of central banks have pushed back launching digital versions of their currencies, a new survey shows, although a desire to protect their money-minting powers mean most still intend to go ahead.
Federal Reserve Chair Jerome Powell Confirms No Plans For US CBDC During His Tenure
The Donald Trump administration has advocated for stablecoins development instead of a Federal CBDC akin to China’s Digital Yuan (e-CNY).
Fed's Powell Says Central Bank Still Has Access to Data It Needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its work. Speaking before a House panel as the Trump administration has been stripping government websites from various data sets,
Key takeaways from Fed Chair Jerome Powell’s congressional hearing
America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer Financial Protection Bureau,
Federal Reserve Chair Gives Update on US Bank Accounts Amid Trump's Orders
Jerome Powell was quickly thrust into the partisan turmoil surrounding Trump's executive orders and the efforts of Elon Musk.
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Why Trump Is Right on a Digital Currency Reserve
Holding BTC is not necessarily an endorsement, but it’s definitely in the interests of the United States as it looks to ...
Opinion: Blocking CBDCs and making the US dollar great again in Trump 2.0
FNA director for central banks and financial market infrastructure, Carlos León, outlines how US President Trump will impact ...
US may have shelved digital currency plans, India and 43 countries are still at it
The number of countries experimenting with central bank digital currency has nearly doubled over the past three years, data from the Atlantic Council CBDC tracker shows ...
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Senators reintroduce bill to bar CBDC
Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.
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ECB hopes Trump’s crypto plan will speed up digital euro
The European Central Bank hopes US President Donald Trump’s plan to support cryptocurrencies pegged to the US dollar will speed up legislative backing for the digital euro, ECB board member Piero ...
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US Stablecoins and Digital Euro Pose Dual Threat to European Bank Deposits
The U.S. views stablecoins as a way to strengthen dollar dominance and boost demand for Treasuries. On the other hand, the EU ...