Wednesday, September 22, 2021

Fed Continues To Evaluate a CBDC

Not much new here, but Fed Chairman Powell again states the Fed will continue to look at a central bank digital currency (CBDC) and decide whether one seems useful or not. He made it clear that the Fed is in no hurry and does not feel any pressure to move forward on any particular time table.


from the CNBC article:

"Powell noted the dollar’s position in the world and said the Fed is “in a good place” to make a decision on whether to implement its own digital currency. He expressed some concern about the regulatory landscape and said the Fed likely will need congressional permission should it decide to proceed."