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United States Economy

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IT IS IMPORTANT FOR U.S. TO GET DIGITAL CURRENCY RIGHT THAN BE FIRST: FED CHAIR POWELL

Published On 20 Oct 2020 04:53 PM


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Highlights

• According to a recently given statement by the U.S. Federal Reserve Chair Jerome Powell on development of a cross-border digital currency, it is more important for the United States to get it right than be first

• Powell said in addition to assessing the benefits, and there may well be benefits- there are also some quite difficult policy and operational questions that need to be thoroughly evaluated


Tags : US economy, Federal Reserve, Digital currency, Jerome Powell, ,
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