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02 March 2021

Fed Looking 'Very Carefully' at a Digital Dollar: Chairman Powell - Decrypt

Fed Looking 'Very Carefully' at a Digital Dollar: Chairman Powell - Decrypt


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The Fed is looking “very carefully” at whether to develop a digital dollar, according to Chair Jerome Powell.

“We are looking carefully—very carefully—at the question of whether we should issue a digital dollar,” he said.

A digital dollar would be a type of CBDC, a central bank digital currency, that’s issued and controlled by the state.

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