The chairman of the U.S. central bank also gave a clear answer to his intentions regarding CBDCs — a nebulous threat of a digital dollar that had long concerned U.S. crypto firms, though no U.S. proposal had ever really developed. When asked whether he'd agree to never launch a CBDC, Powell simply responded, "yes."

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The chairman of the U.S. central bank also gave a clear answer to his intentions regarding CBDCs — a nebulous threat of a digital dollar that had long concerned U.S. crypto firms, though no U.S. proposal had ever really developed. When asked whether he'd agree to never launch a CBDC, Powell simply responded, "yes."

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Fed's Powell Says He's Also Worried About Debanking That Strained U.S. Crypto

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Federal Reserve Chair Jerome Powell confirmed that the US will never have a central bank digital currency (CBDC) while he leads the central bank

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