Fed’s Powell: More important for U.S. to get digital currency right than be first


fed reserve worthy us news(Worthy News) -In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday.

“We do think it’s more important to get it right than to be first and getting it right means that we not only look at the potential benefits of a CBDC, but also the potential risks, and also recognize the important trade-offs that have to be thought through carefully,” Powell said in a panel discussion on digital payments hosted by the International Monetary Fund.

Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues. [ Source: Reuters (Read More…) ]

7
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Trump Administration Eyes Cuba After Maduro’s Ouster, Seeks Insider Deal
Arab Parties Move to Revive Joint List, Underscoring Israel’s Democratic Reality
U.S. Weighs Full Troop Withdrawal From Syria as Kurdish Ally Collapses
U.S. GDP Revised Higher to 4.4% in Q3 as Consumer Spending, Exports Surge
Trump Launches ‘Board of Peace’ at Davos, Signals Ambitious Role in Gaza and Beyond
Kushner Unveils Trump Administration’s $25B Plan to Rebuild Gaza
Trump Says Greenland Deal Underway Despite Few Details
Vance Blasts Media, Defends ICE During Minneapolis Visit
First Arrests Made Following St. Paul Church Attack, ‘More To Come’
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News