cactusblossom on Nostr: "We're not recommendinga CBDC... but Congress would need to authorize it 😉😉" ...

"We're not recommendinga CBDC... but Congress would need to authorize it 😉😉"

Double speak

quoting note13td…lmuq

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico

Powell also said a CBDC would need Congress' approval before the Federal Reserve will act.

https://www.coindesk.com/policy/2024/02/14/fed-chair-powell-told-house-democrats-us-needs-stablecoin-bill-politico/?utm_medium=referral&utm_source=rss&utm_campaign=headlines