Fed Chair Powell Dismisses Concerns, Raised by Trump, Over Government Surveillance in Potential Digital Dollar

In a March 7 hearing of the U.S. Senate Banking Committee (“Semiannual Monetary Policy Report to the Congress”), Federal Reserve Chair Jerome Powell offered a candid update on the Fed’s stance on Central Bank Digital Currencies (CBDCs). His statements provide crucial insights into the Fed’s priorities regarding a potential digital dollar amid growing public debate. […]