US will take ‘some time’ to decide on CBDC, Powell says
Fed chair says it must act to prevent inflation expectations rising
US authorities will take some time to decide on whether to create a central bank digital currency (CBDC), Federal Reserve chair Jerome Powell said.
“We haven’t made any decisions at all,” Powell told the Cato Institute think-tank on September 8. He said the “evaluation process is going to take some time”.
He also said US authorities should regulate so-called stablecoins, and said the Fed had only a limited time to prevent inflation expectations rising.
Powell said the Fed will wait for clear
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