US will take ‘some time’ to decide on CBDC, Powell says

Jerome Powell
Jerome Powell

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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