In the News

Powell Says Fed Has No Plans to Create Digital Currency 11/21/2019 The Wall Street Journal  Federal Reserve Chairman Jerome Powell said in a letter to a congressman on Tuesday that the U.S. central bank doesn’t currently have plans to launch a digital currency and sees the adoption of something like it difficult in the U.S. Mr. Powell’s comments come from a letter to Rep.… Read more »

Group of House Republicans restarts Suburban Caucus 11/21/2019 ABC4 WASHINGTON (NEXSTAR) – A group of House Republicans announced their plan Wednesday to improve the quality of life for the bulk of the people they represent, those who live in suburban areas. This group wants to take what’s working at the local and state levels and implement them at the federal level. “Going… Read more »

Impeachment React in Markets? 11/21/2019 Politico Impeachment react? — The Dow Jones took a bit of a dip as President Donald Trump’s top Europe envoy Gordon Sondland told House impeachment investigators that there was clearly a quid pro quo between Ukraine aid and an investigation into Joe Biden and his family. Some traders and money managers lit up MM’s email box to suggest this… Read more »

United States Examines Launching Digital Currency, Confirms Federal Reserve Chairman 11/21/2019 Beincrypto United States Federal Reserve Chairman Jerome Powell has confirmed that the nation is looking into launching its own Central Bank Digital Currency (CBDC). The news comes at a time when many other nations have also hinted at launching their own national digital currencies in a… Read more »

Digital Currency Revolution Series: US Fed Studies Possibility of Digital Dollar and Its Impacts 1/21/2019 EconoTimes In the era digital world, the digital currencies are evolving amid economic and financial turbulence across the globe. Regulatory frameworks have been conducive but stringent. For a classic instant, as the global regulators have been tormentors to slam and defer… Read more »

U.S. Fed Says No Plans for CBDC, but Evaluation of Costs and Benefits is Ongoing 11/21/2019 DCEBrief In a recent response to a letter from U.S. Representative French Hill, Federal Reserve Chairman Jerome Powell confirmed that the central bank has no plans to issue its own central bank digital currency (CBDC). However, Powell acknowledged that the bank is continuing to evaluate the… Read more »

Digital dollar: US Fed analysing possible impact on economy 11/21/2019 Cryptopolitan The central bank of digital currency (CBDC) or digital dollar is currently under study since the implications can be tough for the existing economic system in the United States. The United States Federal Reserve (Fed) System is now assessing the risks on the financial structure. The Fed board… Read more »

Fed Chairman Responds to Lawmakers: We’re Analyzing “Digital Dollar” 11/21/2019 Blockonomi Questions have recently been swirling in the U.S. around whether the Federal Reserve, the central banking system of the country, would eventually push forward on digitizing the dollar via blockchain tech. Now, Federal Reserve Chairman Jerome Powell has given his clearest positions on how… Read more »

Fed's Powell Says in Letter to Congress Fed Not Creating Digital Currency 11/21/2019 Morningstar Federal Reserve Chairman Jerome Powell said in a letter to a congressman on Tuesday that the U.S. central bank doesn't currently have plans to launch a digital currency and sees the adoption of something like it difficult in the U.S. Mr. Powell's comments come from a letter to Rep.… Read more »

Fed Chairman Powell calls U.S. central bank digital currency pointless 11/21/2019 Modern Consensus Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency (CBDC) happening anytime soon. In a November 19 response to questions from Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.), Powell wrote, “it is not… Read more »