Over the years, multiple officials have raised concerns, with most saying there was no obvious need for a CBDC and citing concerns over privacy and other issues. Powell also has stressed that ...

The Fed views it as a less risky option to other cryptocurrencies and stablecoins, though Fed Chair Jerome Powell has said that private sector stablecoins could exist alongside a CBDC. Yet the Fed ...

Powell largely reiterated his stance from two ... U.S. financial system would not adopt a central bank digital currency (CBDC) under his leadership, a long-standing concern within the crypto ...

Federal Reserve Chair Jerome Powell told US lawmakers in the Senate that the department would not issue a central bank digital currency (CBDC) while he was chair. Speaking at a Feb. 11 Senate ...

Powell said a paper that focuses on the benefits and risks associated with a CBDC in the US will be out sometime in September. He also responded to a question about the record inflation rates the ...

The House of Representatives voted to pass a bill blocking the Federal Reserve from creating a central bank digital currency.

A number of Fed officials recently have openly questioned the need for one, and Powell has repeatedly said the Fed is not eager to be first with a CBDC but to get it right, if it goes down that road ...

"A U.S. CBDC (central bank digital currency) could... potentially help maintain the dollar's international standing," Powell said in introductory remarks to a research conference held by the ...

issue a CBDC without further authorization from Congress. Jerome Powell, the Fed’s chair, said as much in testimony before the House Financial Services Committee earlier this year. "The Federal ...

The Trump administration, like the Biden administration, was favorable toward a CBDC and additional financial surveillance, even for self-hosted digital wallets. Granted, President Trump vetoed ...