circuitryhubinsights on Nostr: 🚨BREAKING: Federal Reserve Chair Jerome Powell has made it clear there are no ...

🚨BREAKING: Federal Reserve Chair Jerome Powell has made it clear there are no immediate plans for a U.S. central bank digital currency (CBDC).

Speaking to Congress, Powell emphasized that a CBDC would require Congressional approval, and stated,

"We have no plan to do that."

This marks a significant step back from the fast-paced CBDC developments we've seen in other countries.

#CBDC #JeromePowell #FederalReserve #CryptoRegulation