Federal Reserve Chair Jerome Powell says the central bank is evaluating the creation of a central bank digital currency, or CBDC. Powell: “We need to make sure that the Fed is able to continue to deliver to the public a stable and trustworthy currency and payment system” The nation’s central bank said in May 2021 it would be conducting a deeper examination into a potential government-backed digital currency. A report on the CBDC, stablecoins and cryptocurrencies was expected in September, although Powell did not offer specifics on its delivery Wednesday.”]
Source: https://www.bankinfosecurity.com/federal-reserve-chair-says-central-bank-evaluating-cbdc-a-17604