Fed Chair Powell Updates Progress of Digital Dollar, Says ‘I Don’t Think We Are Behind’ on CBDC

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Federal Reserve Chairman Jerome Powell has shared the progress of the Fed’s work on a central bank digital currency (CBDC), the digital dollar. “We are working proactively to evaluate whether to issue a CBDC and, if so, in what form,” he said, adding that he does not believe the U.S. has fallen behind other countries in this area. Fed Chairman Jerome Powell on Progress of the US CBDC The U.S. Federal Reserve has not made a decision whether to launch a digital dollar, Fed Chair Jerome Powell revealed on CNBC…

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