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Fed chairman Powell says it would be 'ideal' to work with Congress on digital dollar
Federal Reserve chairman Jerome Powell said Tuesday that he believes the U.S. central bank should work with Congress to create a digital dollar. Speaking before the Senate Banking Committee, Powell said that while existing laws governing the Fed's activities could serve as a basis for issuing a digitized version of the U.S. dollar, he expressed a preference for working on a legislation-backed push instead. The subject of a central bank digital currency was raised during questioning from Senator Pat Toomey of Pennsylvania. “I think this is such a fundamental issue, it would be ‘ideal’ if this were to be a ... (full story)
