Jerome Powell: Fed Weighing Costs, Benefits and Trade-Offs of Digital Currency

May 11, 2020

Federal Reserve Chairman Jerome Powell answered questions posed by Rep. Bill Foster (D-Illinois) regarding the competitive threat to the U.S. dollar’s status as a global reserve currency by China’s ambitions to create a digital yuan and the proposal of Libra. Source: Financial Services Committee hearing, Feb. 11, 2020.

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