The U.S. Federal Reserve Is ‘Nowhere Near’ Recommending or Adopting a CBDC, Says Fed Chair Jerome

The U.S. Federal Reserve is not rolling out a Central Bank Digital Currency (CBDC) anytime soon, according to Fed Chair Jerome Powell. During the Senate Committee on Banking, Housing and Urban Affairs hearing earlier this week, Powell discussed the central bank’s stance on a CBDC as the Biden administration urged continued research and evaluation of...