In the News

Fed Chair Powell Issues Written Response on the US Dollar and the Digital Currency Race 11/21/2019 The Daily Hodl Federal Reserve Chairman Jerome Powell has responded to lawmakers who have urged him to consider issuing a digital US dollar. In a letter to Congress this week, Powell appears to weigh the pros and cons. He says he is both exploring the idea of a central bank digital… Read more »

Chairman Powell Says Fed is Looking into Central Bank Digital Currency 11/21/2019 CryptoGlobe Jerome Powell, chairman of the U.S. Federal Reserve, says that the institution is looking into the possibility of developing a central bank digital currency. According to a letter published Nov. 19, Powell said that the Fed is aware of the efforts of other countries, such as China, to… Read more »

The Federal Reserve is looking into developing a digital currency in the US, Powell confirms 11/20/19 Markets Insider US central bankers have explored the possibility of developing a digital currency that would be directly available to businesses and households, Federal Reserve Chairman Jerome Powell confirmed to lawmakers this week. "While we are not currently developing a… Read more »

GOP plan for suburbs includes bills focused on child care, health costs 11/20/19 Roll Call Leaders of a group formed by House Republicans after Democrats routed GOP candidates in suburbs around the country in the 2018 midterms said Wednesday that they would roll out dozens of bills in the coming months to show the party can appeal to voters beyond rural areas. The product of a… Read more »

Fed Chair Jerome Powell: U.S. looking into digital currency 11/20/19 UPI Nov. 20 (UPI) -- The U.S. Federal Reserve is eyeing development of its own digital currency, Chairman Jerome Powell has said in a letter to federal lawmakers. In the letter, addressed to Rep. French Hill, R-Ark., and Rep. Bill Foster, D-Ill., Powell said a central bank digital currency, or CBDC,… Read more »

The Suburban Caucus: Solutions for America's suburbs 11/20/19 The Hill  The Republican Party’s representation in our nation’s suburbs has changed in recent times, but each of us proudly represents suburban areas in diverse states and have seen how our party can best advocate for policies that help suburban Americans. We believe that the next decade of American exceptionalism… Read more »

Hill pledges caucus to focus on finding causes for U.S. ‘startup slump’ 11/20/19 The Ripon Society  U.S. Rep. French Hill (R-AR), co-chairman and founder of the bipartisan House Entrepreneurship Caucus, on Nov. 18 commemorated the start of Global Entrepreneurship Week by promising that the newly formed group would find the causes for the nation’s current “startup… Read more »

US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System 11/20/2019 CoinTelegraph The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell provided a response to U.S. Representatives French Hill and Bill… Read more »

Fed Chair Tells Hill No Plans for U.S. Dollar Digital Currency 11/20/2019 Bloomberg Law Federal Reserve Chairman Jerome Powell doesn’t see a central bank digital currency adding to the U.S. payments landscape in the same way it might for other countries’ needs, according to a letter to two House lawmakers. “The characteristics that make the development of central bank digital… Read more »

Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman 11/20/2019 Yahoo Finance Federal Reserve Chairman Jerome Powell has said his institution is looking into the possibility of developing a central bank digital currency (CBDC). In a Nov. 19 letter responding to questions from lawmakers Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) in late… Read more »