Author: Xiu MU
Source: Tweet bitpush.news
Federal Reserve Chairman Jerome Powell attended a hearing on the House Financial Services Committee on Tuesday, saying that the Fed has not yet officially started creating or issuing digital dollars, and China's new coronavirus outbreak could hurt the global economy.
- Former Chairman of the United States CFTC: The United States should consider the central bank's digital currency and Libra as good reasons to consider digital dollars
- Digital Dollar Foundation: America Needs Real "Digital Dollars"
- How is the dispute between "digital dollars" and "digital renminbi" staged?
- "Digital Dollar" latest details: or similar to the central bank's digital currency
- The former chairman of the CFTC led Accenture to guarantee that the digital dollar will be far behind?
- About the US folk think tank version of the DCB "digital dollar", you need to know these
According to CNN, he spoke at the hearing about the central bank, the social media giant Facebook's Libra crypto project, and China's efforts in digital currencies. Asked about U.S. progress in central bank digital currencies, Powell said, "We are working on this, we are working on many projects, and we are now working on it."
He also mentioned that a large technology network like Libra could spread widely and play a significant role fairly quickly, but the Fed has not yet officially started creating or issuing digital dollars.
He said, "We have not decided to do so. Not only in the United States, there are many questions around digital currencies that need to be answered, including network issues, privacy issues, and alternative ways of operating. So we will continue to work in a responsible manner this work."
At the hearing, he was also asked about the possible impact of a new coronavirus outbreak in China. "We know there may be some impact on the United States," he said. He believes that the new coronavirus could cause chaos in China and spread to other economies around the world.
On Wednesday, he will also attend a hearing on the Senate Banking Committee again at 10 am EST.
Reprint must indicate the source.
Disclaimer: All articles in Bibei represent the views of the author and do not constitute investment advice. Investment has risks and consequences.