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Fed's Powell: Working broadly on digital currency issues
Fed's Powell: Working broadly on digital currency issues #cryptocurrency
— LSTrade (@LSTrade2) February 12, 2020
Added at 10:34am
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Sen. Warner: Would it be desirable for U.S. to have government-backed digital currency?
— Pedro da Costa (@pdacosta) February 12, 2020
Powell: "There's a lot to weigh and a lot to work on there. Every central bank around the world is doing a deep dive on digital currencies."
Added at 10:34am
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Chair Powell is really getting pushed on digital currencies, esp. in the context of a digital yuan.
— Jeanna Smialek (@jeannasmialek) February 12, 2020
"We have to ask the question -- what would it mean if China had a digital currency that had a fairly wide adoption?" he says. "That's why we're doing all of this work."