Fed chair Powell confirms regulator has no plans to recommend, adopt CBDCs

US Federal Reserve Chair Jerome Powell told lawmakers that the regulator remains far from adopting or even recommending a central bank digital currency (CBDC). Powell made the statement during a March 7 Senate Banking Committee hearing on monetary policy. The Fed chair’s testimony aimed to quell fears over privacy concerns, emphasizing that the Federal Reserve […] source: https://cryptoslate.com/fed-chair-powell-confirms-regulator-has-no-plans-to-recommend-adopt-cbdcs/