Jerome Powell: FedRes Will Play a Major Role In Developing Digital Currencies

• Financial Monster
  Jerome Powell – FED Will Play a Major Role In Developing Digital Currencies “Our forthcoming paper on the evolution of digital payments is intended. Along with our other work as supervisor regulator and payment system operator to advance the objective of ensuring that the payment system and the economy work for all Americans, we will, we look forward to hearing your thoughts on this important topic.” “We are committed at the federal reserve to hearing a wide range of voices on this important issue before making any decision on whether and how to move forward with a U S CBDC taking account of the broader risks and opportunities it could offer the paper, represents the beginning of what will be a thoughtful and deliberative process.” “For the past several years, the federal reserve has been exploring the potential benefits and risks of CBD seas from a variety of angles, including through technological research and experimentation. Our key focus is on whether and how a CBDC could improve on improve on an already safe, effective, dynamic and efficient U S domestic payment system.”

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