U.S. Fed Says No Plans for CBDC, but Evaluation of Costs and Benefits is Ongoing
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…