Central Bank Digital Currencies

Central Bank Digital Currencies
Breaking Boundaries or Keeping Traditions? Powell’s Stand on Digital Dollars Shakes Up Finances

Breaking Boundaries or Keeping Traditions? Powell’s Stand on Digital Dollars Shakes Up Finances

US Federal Reserve Chair Jerome Powell firmly opposes issuing a Central Bank Digital Currency (CBDC), favoring traditional currency systems over digital innovations. Powell’s stance contrasts with countries like China, which are advancing digital currencies amid fears of increased government surveillance and privacy
11 February 2025