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2/23, 5:33 PM (Source: TeleTrader)
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Powell: US doesn't need to be first in digital currency

Federal Reserve Chair Jerome Powell insisted on Tuesday that the United States doesn't have to be the first country in the world to establish a digital currency.

Speaking in Congress, Powell noted that the Fed is "carefully looking" at the issue of the digital dollar in both policy and technical terms, adding that the project has a high priority at the Fed.

Yesterday, Treasury Secretary Janet Yellen revealed to The New York Times that the Biden administration supports the research into the viability of digital dollar.

Breaking the News / ND