‘We Need to Understand It First and Best’ — But Is He Too Late? By Cointelegraph

‘We Need to Understand It First and Best’ — But

Fed Chair on CBDC: ‘We Need to Understand It First and Best’ — But Is He Too Late?

In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital currency.

Emmer asked “What substantive recent actions has the Fed taken to understand and experiment with this technology?”

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