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Powell: looking carefully at whether fed should issue a digital dollar
POWELL SAYS LOOKING CAREFULLY AT WHETHER FED SHOULD ISSUE A DIGITAL DOLLAR
— Breaking Market News (@breakingmkts) February 23, 2021
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FED'S POWELL SAYS LOOKING CAREFULLY AT WHETHER FED SHOULD ISSUE A DIGITAL DOLLAR || SAYS THERE ARE SIGNIFICANT TECHNICAL, POLICY QUESTIONS FOR DIGITAL DOLLAR || SAYS COMMITTED TO CONSULTING BROADLY WITH PUBLIC AS TO WHETHER WE SHOULD DO THIS
— First Squawk (@FirstSquawk) February 23, 2021
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Fed Chair Powell:
— DailyFX Team Live (@DailyFXTeam) February 23, 2021
- Looking carefully at whether the Fed should issue a digital dollar
- As the reserve currency, we have the responsibility to get this right rather than be the first
- Significant technical and policy questions remain
- Is a "high priority" project#Fed $USD
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Fed chair Powell comments on a digital dollar status quo, says Fed looking at it, but needs to get it right given dollar reserve status, plus concerns of what it could do to private financial system.
— Michael S. Derby (@michaelsderby) February 23, 2021
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