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3232Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval
https://www.digit.info/fed-chair-powell-eases-cbdc-concerns-us-far-from-direct-fed-accounts-emphasizes-need-for-congressional-approval/
Thu, 07 Mar 2024 21:30:52 +0000https://www.digit.info/2024/03/07/fed-chair-powell-eases-cbdc-concerns-us-far-from-direct-fed-accounts-emphasizes-need-for-congressional-approval/Read more]]>Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC Plans, Seeks Congressional Go-Ahead In his conversation with the Senate Banking Committee, Fed Chair Jerome Powell explored the […]
]]>US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
https://www.digit.info/us-senator-introduces-no-digital-dollar-act-to-prohibit-treasury-and-the-fed-from-interfering-with-americans-using-paper-currency/
Sun, 02 Oct 2022 01:00:49 +0000https://www.digit.info/2022/10/02/us-senator-introduces-no-digital-dollar-act-to-prohibit-treasury-and-the-fed-from-interfering-with-americans-using-paper-currency/Read more]]>A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, […]
]]>Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’
https://www.digit.info/fed-chair-jerome-powell-updates-work-on-digital-dollar-says-us-central-bank-digital-currency-will-take-at-least-a-couple-of-years/
Thu, 29 Sep 2022 00:30:53 +0000https://www.digit.info/2022/09/29/fed-chair-jerome-powell-updates-work-on-digital-dollar-says-us-central-bank-digital-currency-will-take-at-least-a-couple-of-years/Read more]]>Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair Powell on Digital Dollar Progress Federal Reserve […]